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March 2010 - Posts

Garth Turner: Calgary prices to drop 15 - 20% by next spring
“Be realistic and go on the market” From today's Calgary Herald: Turner, who will be speaking in Calgary tonight says Home prices in Calgary are overvalued by 15 to 20 per cent, "seriously unaffordable," and set to start falling."People Read More...
Mike(don't get addicted) says "I'm willing to pay $88,500 more than market value"
Back in January, Mike( don’t get addicted) said "As for 'city assessed values do not reflect up-to-date market conditions and can’t be relied on to set current market value' I could’t disagree more. We have used Assessed Read More...
Under water: The truth
There’s always lots of speculation that home owners who recently purchased a house are now selling at a loss. This table shows all homes that have sold in the past week which were previously purchased SINCE June 2006. Losses are shown by (brackets). Read More...
Turning the corner
February was the first month in a long time where the new listings exceeded the previous year's. Is this the start of the coming buyer's market and hordes of new listings? The complete Feb stats update can be viewed here What's new The Herald Read More...