I was at a CMHC Housing market outlook all day yesterday and although I will post a synopsis of the highlights later this week, I can say this. Many of the economists suggested that many of the headlines and much of the media has overblown our current state. I have been saying this a lot lately. No mistake things are certainly slower and will continue to be slow through 2009 but the sky is not falling, especially in Alberta.Here is an article that supports what we have been saying all week. There will not be a technical recession in Canada and even if there is a real slowdown that feels like a recession we are well on our way of attacking it. Yes, our neighbour to the south is headed for a real recession, people have to stop saying that by default we will too. Certainly they do affect us, BUT not as much as they used to. We have many other customers globally now for our commodities. Look forward to my highlight package on the Canadian economy and the housing market outlook
Catch your breath everyone
November 19, 2008 | 8 : 30 AM
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