Hi, long time no post. Just came back from my week long vacation. My folks and I drove across BC, Alberta, and Saskatchewan. The first thing I noticed was how flat the prairies are compared to BC. You can see the road for miles with nothing blocking your view. I’ve uploaded some pics below. Some are a bit grainy, but can’t expect much from a point-and-shoot, lol.
I now have a better understanding of the investment opportunities in Alberta and Saskatchewan. Downtown Calgary is full of big banks and oil companies who pay their employees very well. Comparing Canada’s 6 largest cities, Calgary has the highest salaries and wages per person, almost $65,000 in 2011. Even during the recession between 2007 and 2011, people’s salaries still increased by 3.3% per year. Regina and Saskatoon in SK are also seeing economic growth. I was looking at some farms for sale in Saskatchewan and even put down an offer for a property, but unfortunately I was outbid by another buyer who paid more than the asking price. But unlike BC where foreign speculators from overseas are driving up the real estate market, Saskatchewan locals are bidding up their own prices, so the probability of a bubble there is less likely, at least for now. Workers in AB and SK have higher wages on average than those in BC, even doing the same jobs. I saw lots of posters outside Tim Hortons and other businesses looking for people to fill part-time as well as full-time positions. Even though I live in Vancouver BC, I’m going to try and find ways to take advantage of the growth and investment potential of AB and SK. And if you’re currently looking for a job in BC, consider moving perhaps. The unemployment rate in both Alberta and Saskatchewan are both 4.4% :0) the lowest in the country. Compare that with the unemployment rate in BC, which is 6.7% :0( No wonder why it’s harder to find work here.