Everyone wants a piece of Alberta E-Booming

Crassula

http://www.cbc.ca/money/story/2007/07/23/trades-vote.html
' t$ v4 }5 f6 F7 J- ^0 _Good news for real estate investors, bad news for the renters.
Either construction costs rise again, or strike.

Yang123

The trade people deserve better pay and better work condition. Many of them have to work in a not so ideal work condition and away from family for a long period of time. A lot of people probably don't know that many of the trade people can not get a job that they can work for year long. I know quite a few electricians who can only find work for half a year. If the trade peoples go on strike, some of the big projects (such as oil sand related) may not go ahead on schedule, which means less work for other people too. So it's hard to say how it is going to affect the housing market. Affordability is the major issue for the people who yet own a house. But the dispute will be resolved sooner or later, either by negotiation or arbitration. The market will run its course. Don't worry about it.

Crassula

One of my tenant is a millwright. He is only 22, and working for $35/h. Most of his co-workers get $40-45/h.
Really don't know how much more they will ask for this time. Anyway, I can sure increase my rent at least 15% when the lease is due.

judyzh

Yang123

I can sure increase my rent at least 15% when the lease is due.

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Way to go, if he gets paid more, you charge him more. You win or he leaves.

音响神仙鱼

" Employers should also be providing flights from Fort McMurray to Edmonton and Calgary on weekends"!!

[ 本帖最后由 音响神仙鱼 于 2007-7-24 09:06 编辑 ]

Yang123

原帖由 音响神仙鱼 于 2007-7-24 09:03 发表
" Employers should also be providing flights from Fort McMurray to Edmonton and Calgary on weekends"!!

Just move to FM, then problem solved!

音响神仙鱼

原帖由 Yang123 于 2007-7-24 10:10 发表

" B8 V  T5 q" }1 [- wJust move to FM, then problem solved!

That's right! And also buy a vacation home in BC!

Crassula

If you know the real estate market in FM, you will not say moving there.
Tons of people cannot even find the place to rent (close to 0% vacacy rate). House price is a lot expensive that Edmonton.
One IT department in a big oil company has moved to Edmonton last month.

Crassula

I will not lose on this, since someone else has offered me 15% more than current rent to get my unit.

Yang123

原帖由 Crassula 于 2007-7-24 12:16 发表
I will not lose on this, since someone else has offered me 15% more than current rent to get my unit.

+ N  {: u# j% n$ M$ f3 r+ gGood for you.

superdragon

原帖由 Yang123 于 2007-7-24 07:43 发表
The trade people deserve better pay and better work condition. Many of them have to work in a not so ideal work condition and away from family for a long period of time. A lot of people probably  ...

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You said some of the trades people can work half year, you mean they couldn't find a job for the half year or they have earned too much already and want to take rest for half a year. I think trades people in north america are earning too much. much higher paid than many office and professional jobs which demand years of university studies.

Yang123

原帖由 superdragon 于 2007-7-24 17:45 发表
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# n9 |! j' F: P8 O. dYou said some of the trades people can work half year, you mean they couldn't find a job for the half year or they have earned too much already and want to take rest for half a year. I thin ...

7 }* V; {$ O. l) Y% JThey couldn't find job for half a year.