Well all I keep hearing is that there is a major labour shortfall happening in Alberta. If we start importing labour like we were in 2002 and beyond, I would expect that house prices should at some point go up. I know that my house has gone up in value from around $550k (2009) to $600k (2011). I live in an attached infill, and my neighbours place (which is a mirror of mine), has been sold 3 times since 2005. My neighbours stats stats only for anyone interested:
Purchase price 2004 $450 000
Sale price 2006 $680 000
Appraisal price 2009 (was about to sell) $550 000
Sale Price 2011 $600 000
I live on 26 ave SW, so it's a bit of an uppity neighbourhood.
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