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Originally Posted by chemgear
Meh, I'll believe the East Village when it actually happens/is done. They've been saying that for years and years . . . and years.
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Well we did have to deal with that whole global recession thing. It will certainly take time, but I'm quite confident the East Village will become one of Calgary's best inner city communities.
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February numbers are close to done. Calgary SFH sales are still pretty lame with this sales "surge" - barely better than the decade low of last year. Condo sales are actually going to be worse (wow really?) than 2010. Prices up a bit with the big push before the cut back in amortizations on March 18. Inventory higher for both versus 2010.
2.5 weeks left for the surge - interesting to see where it goes from there.
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2010 overall was a decade low, but February was not. In fact, February and Spring of 2010 was fairly strong in Calgary, so better sales than that is pretty strong.
Condos, yes condos are brutal right now; there's way too much crap out there dragging down the numbers.