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Originally Posted by chemgear
Here comes the shorter mortgage amortization surge!
http://calgaryrealestatereview.com/2...l-estate-blog/
Condos are a little meh but improving. SFH are up over last year and trending upwards - though to be fair, it's still well below 2006/2007 and last year was the worst in a decade and half. Inventory building upwards as expected given the time of year. |
Last year was overall the worst year in a decade, but this time last year and Spring was fairly busy. So, this could be an indication of the same coming this Spring. That would be my guess.
Quote:
I did giggle at first comment post there though:
Calgarians have been warned many times that slow sales are not going to last forever. I guess this is what happens when you are sitting on the fence for too long – the moment is gone, the market has moved on, and now you need to hurry, or you may end up on the wrong side of the fence…
Excuse me while I HURRY and look for that BIG RED (OMG BUY NOW) PANIC button. 
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The tone is somewhat giggle worthy, but rising sales tend the happen much faster than the decreasing sales. After a long, slow market, a lot of people do panic at the first sign of a rising market and jump in at the same time.
A lot of fence sitters trying the pick the perfect bottom of the V, end up buying on the upswing together because they're so concerned with targeting the absolute bottom; and when they've all missed it they try to move as fast as possible in fear it's going up.