Quote:
Originally Posted by Mike Oxlong
Actually there are about 5200 listings on MLS right now and yes some people are emigrating to go elsewhere but there were still 17,000 plus that moved to Calgary this year. That number is lower than last year but there are still far more people moving here than people that are moving away.
I say about 7% increase for the year. Most of it you are going to see in the next few months. Springtime is always the best time to sell a house.
One thing I have heard however is that a lot of people have been waiting to list their houses until spring waiting to take advantage of the normally good selling season. If this is the case it could flood the market with listings again and cause another price drop.
I still think prices are going up. Real Estate is a pretty safe investment. It does have its peaks and valleys but long term it always goes up.
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Why the 7% increase? What reasons are there for the prices to go up?