Well I figured I'd give my thread the New Years bump, give everyone here a little info on the real estate market going into 2007. With the overload of listings over the past few months I think many Calgarians including myself were a little weary of home ownership. I believe at its highest point there were over 7,000 homes for sale in Calgary, with a normal number being in the 5,000 range. At todays date (Jan 2/07) there are currently 3,653 active listings (
http://www.creb.com/index.php, top right corner shows the current number) in Calgary which is down from 7,000 last month.
Last year January 2006 the active listings were 2,981 (view statistics in crebs site), which lead to a crazy few months which saw multiple offer situations and homes going up on average of $500 per day. Taking the numbers into consideration those worried about prices going down have nothing to fear as I believe there will be another smaller price hike going into the busy months. If you're on the edge debating buying I would take the plunge as Calgary is growing at an exceptional rate and with 35, even 40 year mortgages home ownership is still relatively affordable.
I just purchased my first home with Mr. AlbertGQ and that shows I believe what i say. Anyone who needs help with their real estate needs I would love to be involved in the process PM or call anytime, Happy New Year CP!! Go Flames Go.