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Calgary home sales continue decline, prices hold steady
After guessing what Mario Toneguzzi from the Herald would come up with we finally have it. Nobody came very close to getting it right. (I'm sure Mario is getting a good chuckle out of this, and he'll probably never call me again!). "Calgary's Read More...
June sees reversal in trends
After an unprecedented build-up of inventory for five consecutive months, the inventory of single family homes declined by 8% in June, but there are still 48% more homes for sale than last year. For the first time ever, going back as far as I have SFH Read More...
When Mario calls, what do you say?
I'm going to give you the chance to be the media pundit for June. If Mario Toneguzzi from the Herald called you for comments on the June numbers, what would your answer be to the following questions: Why did the inventory suddenly reverse direction, Read More...
Are these indicators a trend or a blip?
Single family inventory has fallen to 6969. That's 130 less than on May 31. The sales to new listings ratio(S/NL) has risen this month to its highest level all year at 48%. It was 40% in May. For the past two years, the S/NL has declined from May Read More...
Do you agree with this complaint about new inner-city homes?
There was a news item on CBC this morning that is very relevant to the previous "inner-city" topic. A resident of Wildwood(Kevin) is complaining about a huge new house that is being built beside his old bungalow, saying it does not fit in with Read More...
Soaring energy costs are about to change everything
There's an article in MacLean's entitled After Cheap Oil. The article explains the consequences to the housing market of the increasing price of oil. Here is an excerpt: Experts see two separate real estate markets forming — neighbourhoods Read More...
Buyers get more home for their money
It is quite astonishing how the prices are holding up this year, considering the overwhelming number of homes for sale, and the lack of buyers. The average price was up $5,000 over April, at $479,564, and the median was down $1,000 to $419,000. The inventory Read More...
Guest topic
This comment came in on my previous post(Where did you come from?), but I thought we could use it as a topic until we post the month end numbers. Thank you to "Blog Assassin" for this: How would stagnation erode all the gains of the last several Read More...
Is this guy dangerous? Or just a cowardly bully?
The comment yesterday from Lo(re: dafamatory libel) has prompted me to post this new topic. If you've been following the saga, I've received threats from Jim_S the bubble blogger. http://albertabubble.blogspot.com/ He is also posting under the Read More...
Will my prediction come true?
I predicted on Jan 30 that Single Family Home prices would fluctuate this year within +/- 5% of the January price. That would mean we could see a drop in median prices to as low as $389,500, and average price to $432,532. Do you think this is still possible? Read More...
SFH average price in April goes up $51.00 !!!!!
I knew you'd enjoy the headline. It illustrates that very little changed in April. The only price indicator that showed any movement from March was the condo median price which went from $293,000 to $290,000. The April SFH average price was $474,564. Read More...
Alberta's environmental irresponsibility is going to hurt us
If you think environmental issues aren't going to affect us in Alberta, the lead story on the CBC, and the front page of the Herald today should give us pause. 500 birds trapped in oil . The Herald story states, "In an advertisement from a coalition Read More...
Price Reductions - To Advertise or Not
Thank you to Warren for submitting this topic: On March 25, Bob wrote in What's New "We're averaging 126 price reductions per day over the past week. That's as high as they were back in October when we had approximately the same inventory." Read More...
Balanced market is forecast by TD Bank
A TD Economics Special Report released today calls for a 5% increase in home prices in Alberta for 2008, and no major correction. Hi-lites of the report: The main conclusion is that sales will moderate, leading to a sales-to-new listing ratio that is Read More...
C'mon Albertans, let's protect our wildlife!
Alberta plans to kill wolf pups This is a cause that I am passionate about and I am compelled to share my feelings. As a long-time volunteer for environmental causes, I am outraged at the provincial government’s proposal for a wolf cull. “Researchers Read More...
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