Posted on 17. July 2010 09:27 by qdarcyb
After the record growth of Dec.'05 to June'07 Calgary realestate has been doing a natural pullback. Growth was equivallent to 10 years in 1. Unnaturally feuled this had to level off where there was consistency with otheer market fundementals-like jobs, commoditiy prices, and interest rates. Global realities were not overrun by the bouyancy of Calgary's petroleum sector.
It is a Buyer's Market. Here's how you know!
Calgary Metro stats as listed by the Calgary R.E. Brd. (CREB) for June 1-14th, 2010 vs. '09 on Single family homes: 388 v. 700 Sales, Actives 5919 v. 3403, Sales to Inventory 7% v. 21%
I'll keep this current and will expand to include condos!
Commercial is similar with the added caution towards inflated pricing, Foreclosures are common in this sector aswell, so there are some deals to be had I believe.
db
www.darcybrowning.com darcy@darcybrowning.com 403-730-8755
Subscribe