Quote:
Originally Posted by Red
Why the 7% increase? What reasons are there for the prices to go up?
|
To be honest that is the number that CMHC predicted for this year. I have seen anywhere from 5 to about 12% predicted by Real Estate Houses, economists and organizations like the CMHC. The CMHC is usually pretty close and if anything a bit conservative.
People are still moving to Calgary in way larger numbers than the people who are leaving. That fuels demand. The economy is strong, unemployment is REALLY low, interest rates are affordable. We aren't going to see increases like 2006 but to get 7% in a year is a GREAT market.
Can't beat Real Estate as a LONG term investment.