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Originally Posted by nwalbert
Unemployment continues to be very low in the city.
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If you'd like to drop by the North End i'll be glad to show you low unemployment. Food bank usage is up, you know.
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Originally Posted by nwalbert
As far as Real estate, the Saint John CMA was one of only 7 in Canada to be graded with a positive short AND long term outlook.
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That's lovely, but it still doesn't help the fact that home starts are down. RE agents have been awfully quiet this year. Again, like I said, 25%-35% down. We're far behind other cities like Moncton in terms of real estate and property development this year.
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Originally Posted by nwalbert
Finally I would point to the excitement around the Naval contract. Clearly Halifax will be the prime beneficiary but Saint John is next in line. We may even see the city finally put the pension fund mess behind them.
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Are we next in line? I'm sure the people of Moncton would like a word with you in regards to that.
Don't get me wrong, the naval contract is absolutely huge for the Maritimes. It's impossible to be pessimistic about that. It's going to cause Halifax to go through it's largest growth period
in its history. I'm just not sure that Saint John will see as much from that as people say. We'll wait and see.
As for the pension fund, you're right about it being a mess, but city council agreeing on a solution last night doesn't magically eliminate the debt we have on that. That will take years to fix in terms of reducing; current and retired police members are still upset about it.
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Originally Posted by nwalbert
It is easy to be pessimistic, just not sure its productive.
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I'm not being pessimistic, i'm just trying to be realistic.
Big shout out to the Radian6 guys. They do good work. If you find the time though, ask your Irving folks how they're managing to keep the west side pulp mill open, because i'm still scratching my head over their continuing operations. You didn't visit Moosehead recently? Or SJ Transit?