During my years as a Strathmore Realtor focused in Calgary, Chestermere, Strathmore and surrounding areas I have seen my ups and downs in the market. The Calgary Real Estate Board (CREB®) released its 2010 housing forecast report on January 20, 2010 during the organization's annual conference and tradeshow. The forecast looks good especially after coming out of a downturn in the market.
From the CREB report
"According to the report, the Calgary market will continue to build momentum in 2010 as the year progresses, while affordability and low interest rates will support a balanced housing market. Single family homes will show modest price increases, while the condominium price growth will lag. The condo market will be slower to respond, particularly in the downtown apartment segment. Smaller single family homes and lower priced segments will lead in sales and price growth."
What does this mean for the average Alberta family?