Been a little busy with work lately (and watching Europe run around in circles has been more interesting) but somebody mentioned that there wasn't a summary tossed in here in a while. Mike F. continues to be a great source of sales data and his blog is great - very balanced I would suggest actually:
http://www.findcalgary.com/
To be honest, it looks like nothing has really changed in a last while. Sales are a little better than last year but overall are still 2nd worst in the decade even with the growth in the city over the last 10 years and the sweet, sweet oil price bonuses we've been getting in town:
Canadian household debt keeps climbing like crazy (but perhaps some indications/hopes that it is slowing very slightly.) The Bank of Canada still points out that it is a big concern and called it the "greatest risk to the domestic economy". Most of the major banks have also been pointing out their concerns as well for a while now on debt and housing:
http://calgaryrealestatereview.com/2...r-cibc-report/
But if you had $5MM, you could have bought this baby in Elbow Park a few days ago!
But really, none of this is particularly new or "omgwtfpewpew doomsday worthy". It's just a continuation of the trend for the last while. But I do find it interesting how a lot of the economic numbers/news is about to dealing (or not being able to deal) with debt in some form or another. Though the wrangling in the US and the Euro is more interesting to watch than any kind of housing.
