Downside of Alberta's boom


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Member since: Sep 04
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Location: Nice ,USA

Post ID: #PID Posted on: 11-12-06 13:13:15

http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1165792209044&call_pageid=968350072197&col=969048863851


Although Alberta's oil-fuelled economy is on fire, storm clouds are on the horizon.

But Albertans see their province somewhat differently.

They endure an inflation rate — currently 3.7 per cent — that's about five times higher than the national average. In Calgary, Edmonton and many smaller centres, prices for houses — if you can find one — are astronomical, and apartment vacancies are near zero. Traffic congestion in the principal cities can be a nightmare. A province-wide skills shortage can make a wait for a plumber or electrician endless, even in Lethbridge — about as far away from the northern oil boomtown of Fort McMurray as you can get without sticking a toe into Montana


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