We are in a buyers market. The forecast is slow or no growth for the rest of the year, there is enough inventory on the market to last 6 to 8 months without another property being listed for sale. The average price for a single family home in July 2010 based on about 920 sales is $464.655 and the median price based the same square footage says $433,260 sq ft. Condos Average price is based on 396 sales is $291,157 and the median price is $275,080.

The activity in the Luxury Home & Acreage market is still above last years sales numbers. This shift in upper end sales is a welcome relief in 2010.

Today when only 10% to 12% of properties listed are selling well priced homes are taking advantage of this cycle. Moving up in a down market creates great opportunities for families in the future. The uncertainty and availability of the current inventory have put the buyers in control. The market has no magic pill to turn around anytime soon, we have lots of inventory without another listing coming into the market.

Price, position and reality are required to sell your home in this market.

If I can be of assistance then please give me a call,
Rod Forsythe/ July 2010
E-mail- rod@rodforsythe.com tel. 403.777.1040

Keller Williams, Calgary, Alberta, Canada

Helping People buy and sell since 1986/ Locally Known & Globally Connected

Calgary’s real estate market is certainly a reflection of the World economy and the price of oil. Unit sales in June 2010 were the lowest of any June this millennium and overall activity remains low. Inventory is creeping up and our local Real Estate Board feels this could take some time to get back to normal.

We are back into a buyers market. The forecast is slow or no growth for the rest of the year, there is enough inventory on the market to last 5 or 6 months without another property being listed for sale. The average price is expected to retreat a bit in the next few months.

The activity in the Luxury Home market is still above last years sales numbers. This shift in upper end sales is softening as well and continues to up the average price of a home in Calgary.

Properties positioned correctly are still selling in this market. The uncertainty and availability of the current inventory have put the buyers in control of the Calgary market. Only about 18% of current homes Listed sold in June.

The good news; 1. Interest rates are still at historic lows. 2. If you ever thought about moving up or down in the market place the selection is amazing. 3. No one ever got rich by doing what everyone else did; it may be time to add some real estate to your investment portfolio.

Locally Known & Globally Connected

Rod Forsythe/ June 2010

E-mail- rod@rodforsythe.com  tel. 403.777.1040

Keller Williams, Calgary, Alberta, Canada

Helping People buy and sell since 1986

Calgary’s real estate market is uncertain. Total unit sales are low compared to the rest of this millennium and overall activity remains below average. With inventory creeping up only the well positioned properties are selling. The interest rate was raised .25% this past week.

We are back to a buyers market again with slow growth in the forecast as far as most experts are concerned. The average price is rising and Calgary is predicted to be one of the best places to invest in Real Estate over the next few years.

The major reason the average price is going up is the Luxury home market numbers are up about 90% over last year. The activity in this portion of the market has led all other areas both inside and outside the cities boundaries. This dramatic shift in upper end sales has brought up the average price of a home in Calgary.

If you’re thinking about moving, buying and or selling this might be the time to get back into to market or reposition with your real estate needs. If you or anyone you know would like a private consultation please give me a call or e-mail me.

Locally Known & Globally Connected

Rod Forsythe/ June 2010
E-mail- rod@rodforsythe.com tel. 403.777.1040

Keller Williams, Calgary, Alberta, Canada

Calgary’s real estate market is still finding its footings after a very soft time since October 2008. Total unit sales are low compared to the rest of this millennium and the activity remains mainly under the $600,000 price point. The inventory is creeping up quickly and this will mean neutral pricing and the buyers are in control again. Interest rates have already headed upwards and with the turmoil in Europe and Greece especially the rise might take a bit more time. When rates do rise and if inventory does remain high the average price should remain in a calm growth pattern.

The market is close to balanced with slow growth as far as the experts are concerned. The average price in Calgary came down $10,000 in April from March and with interest rates this low it still seems to be a great time to get into the market. If you’re thinking about moving across the market, timing could be great and it is okay to sell your property again. Please call or e-mail me if I can be of any help.
Slow and steady growth will lead Calgary out of this.

Have a great day, Rod Forsythe/ April 2010
E-mail- rod@rodforsythe.com tel. 403.777.1040

Calgary’s residential real estate market is still getting back to normal and many people are lot more at ease today than this time last year.

The Calgary economy is stronger since 2009

World experts agree the Canadian economy has the best banking system on the planet

The future for Calgary Alberta is bright.

Calgary saw a 17.5% price decrease in average price from July of 2007 to April 2009 and remember the average price of Calgary’s real estate doubled from $251,500 in 2003 to $504,000 in 2007. In 2010 Calgary has seen a rebound in the total number of sales compared to 2009 and an increase in average price. The 2010 YTD, (year to date) sales numbers are still not back to normal and it will be of great interest to see what interest rate hikes do to our market. This market is probably going to be a slow and steady climb. Another important note is that 83% of all sales in 2010 so far are under $600,000.

One bright spot has been the increased activity in acreage properties outside the city limits this is encouraging to see the $1,000,000 and above price point gaining some momentum.

The current supply of inventory is average for the Calgary Market and there should be lots of new listings entering the market between now and July. With interest rates on the rise it is prudent to think prices should remain fairly constant.

If you are thinking of buying and or selling you have an increased likelihood of average market conditions, meaning that buyers again are going to determine fair market value and that pricing is 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.

I have been helping people buy and sell Real Estate since 1986 and still believe in the Calgary and area Real Estate Market. This might be the next great time to be moving across this market or buying a little more Calgary Real Estate. My Team and I are “Locally Known and Globally Connected”. We have a terrific group of Real estate specialists, Lawyers to Home Inspection services, Home Stagers to Painters. Whatever you need we can help. My team and I continue to remain on the leading edge of service and technology to serve our clients best needs.

I look forward to helping in your Real estate pursuits,

Have a great Spring,

Phone # 403.777.1040
E-mail rod@rodforsythe.com

Thank you Rod Forsythe

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

The market seems to be balanced with slow growth as far as the experts are concerned and with interest rates this low it still seems to be a great time to get into the market. If you’re thinking about moving across the market, timing could be great and it is okay to just sell your property again. Please call or e-mail me if I can be of any help.

With thanks Rod Forsythe/ November 09

e-mail- rod@rodforsythe.com tel. 403.777.1040

The median price of a single family Calgary metro home in September 2009 was $399,900, showing no significant change from August 2009, when the median price was $400,000, and up 1 per cent from September 2008, when the median price was $395,000. The median price of a condominium in September 2009 was $265,000, up 2 per cent from August 2009, when the median was $260,000, and showing no change from September 2008, when the median price was $265,000. All Calgary metro MLS® statistics include properties listed and sold only within Calgary’s city limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price. “In the third quarter Calgary shifted to a more balanced housing market. But conditions are still very favourable for home buyers,” says Scott. “Mortgage rates remain low, affordability continues and federal government incentives such as the $5,000 tax credit may motivate first-time homebuyers to make a purchase before the end of the year.”

“This recession has been a tricky one. Consumers were expecting the worse yet the housing rebound came faster than expected. I think it is safe to say the worst is behind us, but it will take some time for consumers to really shake off their economic jitters,” adds Scott. Data supplied by The Calgary real estate board for Sept 09 statistics package

Economists are running out of superlatives to describe the rebound in Canada’s housing market, in which sales are up 60 percent from earlier this year.
“The speed and magnitude of the rebound in sales activity” is “remarkable,” says the Canadian Real Estate Association (CREA). Association president Dale Ripplinger says, “The difference in the resale housing market now, compared to the beginning of the year, is night and day.”
“The Lazarus-like rise in sales has halted the slide in prices – say, whatever did happen to the meltdown in Canadian housing anyway?” asks Douglas Porter, deputy chief economist at BMO Capital Markets.
“The turnaround in Canadian housing this year might be the single most surprising turnabout we’ve seen in any economic indicator I can think of. The extent of it is nothing short of amazing,” Porter says.
Like Porter, most economists were caught by surprise, and most of them have had to revise their real estate forecasts for this year. CREA predicted in May that MLS sales in Canada would drop by 14.7 per cent this year compared to 2008. Now, it says sales will decline by just 0.4 per cent. The association says prices will rise by 1.5 per cent this year.
Canada Mortgage and Housing Corp. (CMHC) also has a revised forecast, and is calling for a small drop in sales activity and sales.
In the Toronto market, economist Will Dunning says, “For the past three months, resale activity has been much stronger than I had been expecting, and the sales rate has been raised very substantially.” He boosted his forecast from 62,100 to 83,000.
In Vancouver, “resale activity has staged one of the most spectacular comebacks in Canadian real estate history,” says RBC senior economist Robert Hogue in the Housing Trends and Affordability report. “From their lowest levels in about 19 years at the end of 2008, sales of existing homes more than tripled by July to levels just shy of peaks reached before the downturn.”
So what happened? Why is housing leading Canada’s economic recovery?
“Low interest rates are boosting sales by returning homebuyers to the market who moved to the sidelines last year,” says Gregory Klump, CREA’s chief economist. “Buyers are also shifting purchase decisions forward as they take advantage of attractive interest rates now before financing costs increase.”
RBC reports that housing affordability improved in Canada for the fifth consecutive quarter during the second quarter this year, driven down by low interest rates and dropping prices.
With prices and activity down early this year, many vendors decided to take their homes off the market until the situation improved. That created a shortage of listings, and thanks to the law of supply and demand, stopped the slide in prices. In August, it’s been reported that 14 per cent of listings in the Toronto market had multiple offers submitted.
“Yes, Virginia, it’s a sellers’ market again,” says Porter. “The biggest, priciest, and previously hardest hit markets are the very cities that are now rebounding most rapidly.”
Now, the economists are over their shock and are throwing cold water on the idea that the market can continue to expand at this rate. Klump says that since buyers moved their purchases ahead to take advantage of low mortgage rates, next year will see a more stable market.
“The strong pace seen in the second quarter of this year reflects, in part, activity that was delayed in the previous two quarters and is not likely to be sustained,” says CMHC. “The level of sales will move back to be closer in line with improving economic conditions.”
Toronto economist Dunning agrees. “I think the sales rate will erode rapidly in the next few months. The stronger resale market has arrested the drop in values seen earlier this year. But, if sales slow to the extent I expect, the price recovery may be just about finished.”
Only Porter at BMO Capital Markets seems to be hedging his bets in predicting the boom times are over. “Record-low borrowing costs and the mounting sense that the worst of the economic storm has passed are the key ingredients in the remarkable turnaround,” he says. “We keep saying that further gains will be harder to come by, but the market keeps churning out those gains.”

Written by Jim Adair
In closing it would seem this could be the lower end of the market. You know what Mr. Buffet says “ if you want to make a great profit do the opposite of what everyone else is doing”
It would seem this is a great time to get back into the market based on the current economic trends and it would be my pleasure to help.
With thanks, and call if I can be of any assistance.
Rod Forsythe 403.777.1040/ e-mail rod@rodforsythe.com

Quote of the month for September 09
“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness, that most frightens us. We ask ourselves, who am I to be brilliant, gorgeous, talented, and fabulous? Actually, who are you not to be? You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We are born to make manifest the glory of God that is within us. It’s not just in some of us, it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.”
Written by Marianne Williamson.