Calgary most affordable for housing in Canada

by qnaheedk 21. September 2011 07:22

How long it's going to last is anybody's guess - but for now, Calgary is the most affordable city in Canada in which to buy a home, says a report.

More than that, Alberta is the most affordable province, says the most recent housing affordability report issued by RBC for the second quarter of this year.

"In Calgary, it is the most affordable it has been in six years," says Bill McFarlane, Calgary-based RBC sales manager for Prairie builder markets.

For the average two-storey home in the city, the portion of a family's pre-tax income required to cover monthly mortgage payments, property taxes and utilities is 38.5 per cent. Provincially, it costs 36.4 per cent.

"Compare that with places like Toronto, where it takes 61.4 per cent - and Vancouver, where it's more than 95 per cent of household income, and you can see how well off we are," says McFarlane.

Closer to home, Edmonton sits at 39.1 per cent.

Affordability was helped by a weaker than expected rebound in resale activity, he says.

"After posting two successive increases, resale activity edged down in the April-June period," says McFarlane. "This had the effect of keeping price pressures at bay."

Among the provinces, the next closest to Alberta in terms of affordability was the Atlantic region at 38.5 per cent.

Ontario sat at 48.6 per cent and B.C. was 76.6 per cent.

The benefits to the Calgary market of such "attractive affordability have nonetheless been slow in coming," says the report. "Homebuyer demand has been stuck in low gear up to this point, with existing home sales. new home construction and home prices continuing to exhibit flat month-to-month trends."

But with industry players and watchers all expecting an upward blip in business, those benefits are likely to improve.

"Going forward, attractive affordability, robust growth, and rising employment and migration will act to improve confidence in the market," says McFarlane.

mhope@calgaryherald.com



Read more: http://www.calgaryherald.com/business/Calgary+most+affordable+housing+Canada/5418439/story.html#ixzz1ZvR977ah

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To Tweet or Not to Tweet, That is The Question

by qnaheedk 8. September 2011 13:44

If brevity is the soul of wit, Shakespeare would have loved Twitter.

Maybe that's why University of Calgary English professor Michael Ullyot has chosen the micro-blogging platform to stoke student discussion of the Bard.

This year, his English 205 students will be required to sign up for a Twitter handle and post at least six questions about the course material using the hashtag #engl205.

Ullyot said he hopes the program will help him "get a better sense of where their minds are."

"It's more intellectual, more substantive. People think Twitter is stupid. So is TV, but you have PBS. So is radio, but you've got NPR," he said.

It's a way of pushing the course material into the virtual space his students already inhabit.

Although Ullyot wears a crisp striped shirt and works in an ordered office filled with books and framed manuscripts, he also blogs and owns an iPad.

He's a hybrid professor, teaching an author whose works have straddled ancient and modern conditions over the centuries.

Shakespeare has always been used in pop culture and marketing.

"He's been at the forefront of a lot of technological change over the years," Ullyot says. The first movies and television shows borrowed heavily from Shakespeare, and continue to do so.

"I'm not dumbing it down, I'm making it interactive and that's what his theatre was originally," the professor said.

The students will have to tweet in their off-hours, however.

Ullyot had considered running the Twitter feed as he was teaching, but decided against it.

"I haven't figured out how to do that in a structured enough way," he said.

The real demon: "I don't want the students to multitask."

He believes, strongly, that if "you're going to read a book, you should sit down and read a book."

JGERSON@CALGARYHERALD.COM



Read more: http://www.calgaryherald.com/news/tweet+tweet+that+question/5368960/story.html#ixzz1XP87ia5G

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Alberta Labour Market Top Performer

by qnaheedk 1. September 2011 12:40

Alberta topped all jurisdictions in North America for labour market performance over the last five years, according to a report released Thursday by The Fraser Institute.

Measuring Labour Markets in Canada and the United States: 2011 Edition, which ranks the performance of labour markets in 10 Canadian provinces and 50 American states, is a composite measure of labour market performance based on five equally weighted indicators: average total employment growth, average private sector employment growth, average unemployment rate, average duration of unemployment, and average labour productivity.

The report said Alberta’s strong performance enabled it to achieve the highest overall score of 9.0 out of 10.



Read more: http://www.calgaryherald.com/business/Alberta+labour+market+performer+North+America+Fraser+Institute/5339002/story.html#ixzz1WjrXxfU9

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