News

September, 2009
Low interest rates, attractive prices
Perfect time to enter multi-family market

August, 2009
Signs of LIfe
Consumers taking advantage of improved selection and affordability

January, 2009
Saying Good Buy to 2008
New year delivers a real estate market ripe with choices

November 2008
Oil is well
Canada’s natural resources an insulator from unstable world markets.

October 2008
Community-minded
Smaller-scale boutique condo projects feature big advantages for buyers.

August 2008
Cowtown Climate Stable
Spike in building permits and listings equals buyers’ market.

Oil is well

November 2008, Condo Living

Calgary, once the shining example of economic growth in Alberta, is now fraught with concern over the boom/ bust mentality and housing crisis south of the border. While there is no doubt house prices have retreated on the resale market and sales are slower in the new housing market, the market has began to show signs of stabilization as the number of listings on the MLS network has dropped over the summer months, and new multi-family projects have slowed.

These are positive signs for the Calgary real estate market and should point to more stable months ahead for the local real estate market, both in the new and resale market. However, the local, national, and international media has been filled with negative stories on the housing market, including references to Calgary and western Canada. While the future is difficult to predict, there are a couple of things to keep in mind when thinking about real estate in Calgary.

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