[Newsbot]

Title: Calgary commercial real estate vacancies hit 19.5% as layoffs continue | Financial Post
Category: Economics
Posted By: shockedcanadian
Date: 2016-04-13 09:23:16
Canadian

[shockedcanadian]

Not to worry, the growth will come from the innovative Ontario. Public unions will work hard to drive business and special pet projects by the province will keep the mindmills blowing to prosperity!

[uwish]

The Bow in Calgary is like a ghost town, once 9500 people worked in this building, now its just over 4000. I can walk the halls on almost any floor that CVE has, and every other office is empty, and there are floor which only have 10 of the 100 offices utilized.

[martin14]

At least the morning commute will be nicer.

[Thanos]

Good. Good. Let it burn.

[Delwin]

The story of Alberta is synonymous with the story of the grasshopper and the ant by Aesop.

They enjoyed the harvest but didn't prepare for the winter.

[PluggyRug]

Delwin Delwin:

The story of Alberta is synonymous with the story of the grasshopper and the ant by Aesop.

They enjoyed the harvest but didn't prepare for the winter.

Most of today's fables are written by politicians.

[andyt]

PluggyRug PluggyRug:

Delwin Delwin:

The story of Alberta is synonymous with the story of the grasshopper and the ant by Aesop.

They enjoyed the harvest but didn't prepare for the winter.

Most of today's fables are written by politicians.

And we lap them up because we can't handle the truth.

[MeganC]

How is a new sales tax suppose to help this?

jibber-jabber-f9/alberta-needs-a-sales-tax-economists-argue-t115788.html

[Freakinoldguy]

Delwin Delwin:

The story of Alberta is synonymous with the story of the grasshopper and the ant by Aesop.

They enjoyed the harvest but didn't prepare for the winter.

Unfortunately that story is synonymous with a majority of Canada.

The grasshopper may not have planned for the winter but, by the same token neither did the ant's in Quebec, Ontario and the Maritime's because, if they had they wouldn't still be standing there with their hands out expecting even more transfer payments from that same Grasshopper.

As the matter of fact when you think about it that analogy fits Ontario one hell of a lot more than Alberta.

[Delwin]

Having natural resources within your provincial borders does not equate to sound fiscal management and it is certainly not a licence for the chronic overspending that Alberta is guilty of.

Just ask the Fraser Institute:

Alberta government's chronic over-spending reducing value of provincial assets

https://www.fraserinstitute.org/article ... ial-assets

It's time to pay the piper, it's what happens when you steal from tomorrow to pay for today.

[Thanos]

Someone's gonna have to flip a coin at the start of each day to determine if Alberta's evil for spending too much money or evil for not spending enough money. The inconsistency in the condemnation is getting kind of annoying.

[DrCaleb]

Thanos Thanos:

Someone's gonna have to flip a coin at the start of each day to determine if Alberta's evil for spending too much money or evil for not spending enough money. The inconsistency in the condemnation is getting kind of annoying.

[Freakinoldguy]

Delwin Delwin:

Having natural resources within your provincial borders does not equate to sound fiscal management and it is certainly not a licence for the chronic overspending that Alberta is guilty of.

Just ask the Fraser Institute:

Alberta government's chronic over-spending reducing value of provincial assets

https://www.fraserinstitute.org/article ... ial-assets

It's time to pay the piper, it's what happens when you steal from tomorrow to pay for today.

A lefty using the Fraser institute to prove a point.


They're absolutely right about overspending reducing provincial assets but it also works with other revenue sources to. Much like natural resources, industry and manufacturing are revenue generating complexities that remain at the whim of the global economy. So, here's the question. If Alberta is responsible for it's own debt driven demise what does that say about Ontario who's debt is figured at being the largest one in the world that doesn't belong to a country.

Alberta may have fucked up by relying on their resources for a steady stream of revenue but, by given the transfer payment system, so did the rest of Canada and now we're all paying for the myth perpetrated by idiots that convinced us that oil was never going to devalue.

[Thanos]

DrCaleb DrCaleb:

Thanos Thanos:

Someone's gonna have to flip a coin at the start of each day to determine if Alberta's evil for spending too much money or evil for not spending enough money. The inconsistency in the condemnation is getting kind of annoying.

I think our having paved roads, schools, and hospitals here upsets a lot of them because it gets in the way of their fantasy about all the cross-burnings, demolition derbies, calf ropin', and other backwoods hi-jinx they believe happens out here all the time.