calgary real estate: Is the Calgary Real Estate Market Stabilzing? - 09/10/09 10:12 AM
CALGARY - Is it the light at the end of the tunnel for the home building industry?
After 31 consecutive months of year-over-year declines, Calgary home builders are starting to see some positive signs.
In August, for the second consecutive month, builders began more single-detached units than for the same month in 2008, according to data released Wednesday by Canada Mortgage and Housing Corp.
"To see not just one but two months of year-over-year growth is certainly a welcome sign," said Richard Cho, senior market analyst in Calgary for the CMHC.
"It is becoming clear that single-detached construction is gaining some … (0 comments)

calgary real estate: Will Calgary Real Estate Continue to Appreciate? - 10/25/07 12:16 PM
I've been bullish on Alberta Real Estate.
A client recently asked me about the Royalty Review, the current flat and depreciating market, and why I think prices will continue to increase in Calgary.
Here's my response.
In 2006 prices increased 37%
In 2007 ... to date ... prices have increased 24%.  (Isn't this amazing ... the media is only speaking about the drop in prices.)
In 2008 prices WILL increase 12 + %.
Why?
Alberta holds 56% of the Worlds recoverable Oil ... and we are a SAFE place to do business.
There are BILLIONS of dollars being invested into Alberta by companies all over the world.
...the Royalty Review … (1 comments)

 

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