Calgary 2009 Market Update
Calgary 2009 Update
Calgary’s residential real estate market seems to be back to normal and many people are lot more at ease today than this time last year.
The Calgary economy is a little weaker with Oil and Gas industry
World experts agree the Canadian economy will out perform other G8 countries in 2010
Canadian banks are some of the best banking institutions on the planet.
The future for Calgary Alberta is bright.
Calgary has seen a 17.5% price decrease since July of 2007 and you must remember the average price doubled in Calgary from 2003-2007. In 2009 Calgary has seen a rebound in interest rates and total number of sales. The 2009 YTD, (year to date) sales numbers are a little ahead of 2008 YTD numbers and rivaling the levels of 2003 and 2004.
The current supply of homes on the market is a little below average for the Calgary. There should be a lot of new listings entering the market between now and May.
In this market you have an increased likelihood of competing with 10-15 similar properties; pricing is again critical for your success. Most industry experts cannot agree where this market is going and the projections range from 0% to 4% increase on average for the year 2010.
Rod has been helping people buy and sell Real Estate since 1986 and still believes in this market this town and this province. This might be the next great time to be buying and selling Real Estate in Calgary. The Forsythe Team is “Locally Known and Globally Connected”. We have a multitude of Real estate specialists from Lawyers to Home Inspection services, Home Stagers to Painters. Whatever you need we can help. Rod has continued to remain on the leading edge of service and technology to serve his clients best needs.
The Rod Forsythe Team welcomes your call,
Have a great 2010,
Phone # 403.777.1040
E-mail rod@rodforsythe.com
Tags: Calgary Real Estate
January 26th, 2010 at 2:30 pm
Excellent news to receive, as it might point towards a recovery of the Canadian realty markets. It must be added that one potential reason for this raising of price could be due to the increase in the number of single-family homes being built. The effect upon realty in Calgary of the number of houses could explain, at least in some part, the increase in price. However, we should be somewhat concerned about supply over producing beyond the demand for houses as it could also lead to a potential decrease in price.