So, coming back to real estate that means what ? Invest in provinces with job growth like BC and ON ? Or avoid places with rising unemployment, increased credit defaults, higher fossil fuel costs and diminishing investment (like BC, AB, SK) ?
Sure.
And here I thought that you were good at forecasting
Here's another article that you can ignore:
"The oilsands sector cannot grow any further — and may be set to shrink. As a country we should be discussing the implications of this. Instead, we seem determined to ignore it.
"The CBC also unearthed another recent government-commissioned study on the oilsands through access to information. The study, produced by an obscure government organization called Policy Horizons Canada, suggests that fracking’s effect on the global oil market is just the thin edge of the wedge; a second policy/technology trend — decarbonization — will complete the work of driving the oilsands out of business, just as the automobile finished the work bicycles started in killing the horse-and-buggy trade.
"The report also suggests that the cost of renewable energy sources, like solar, is in rapid decline and will soon be cheaper than fossil fuels.
"The real problem for Canada’s energy sector is that fracking, coupled with decarbonization, may be eliminating the need for any oilsands production."
http://ipolitics.ca/2016/06/06/sticking-our-heads-in-the-oilsands/
http://boingboing.net/2016/05/31/canadian-government-thinktank.html