Quote:
Originally Posted by troutman
http://www.canada.com/calgaryherald/...e07c08&k=18782
Average MLS sale price seen rising despite lower demand, job growth
The CMHC says average MLS sale prices for all residential properties are expected to increase to $429,000 this year from an estimated $414,066 in 2007. In 2009, it is forecast to hit $450,000.
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I don't completely buy that.. There was 12,000 properties listed in November according to the CREB website.. They suddenly vaporized in December and are now coming back on the market.. Me thinks the sudden glut of supply will make prices head down a bit.. I can't imagine they'll go up if theres no forces driving the price increase.. I see alot of wishful thinking coming from the real estate industry lately..