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

Calgary’s real estate market is still finding its footings after a very soft 8 months from Oct 08 to May 09. It seems as though the pent up demand created by this slow down has leveled off and we are back to a much more balanced market. The inventory is even back to normal for this time of year and the experts generally agree that interest rates will rise in the next 6 to 18 months. When rates do rise the average price should remain in a calm growth pattern.

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

Affordability has entered back into the Calgary market.
Calgary’s real estate market is on its way back after a two year hiatus. The real news is that inventory levels are back to normal at about 8000 units compared with 14,000 units for sale last year in and around Calgary. Sales for June and July were strong and August was average and September is also looking normal, some pent up demand with great interest rates allowed people to buy at a great price with great rates. Where the market seems to be going is balanced with slow growth as far as the experts are concerned. This seems to be a great time to get into the market, move across the market and finally it is okay to just sell your property again. Please call or e-mail if you need anything Calgary or area real estate related wants or needs.
With thanks Rod Forsythe/ September 09