At a Real Estate Investing Network seminar last night, my mentor Don Campbell (author or Real Estate Investing in Canada), predicted a 12.2% increase in real estate prices for Calgary in 2008. Recently the Toronto Dominion bank predicted a 10.1% increase for Calgary in 2008, and CMHC is stating it will be in the single digits.
I think we'll see 15% increases in 2008 ... however, I'll buy basing my numbers on 8% appreciation. (8% is huge ... and all we should ever hope for.)
People are in fear over the Royalty Review and "Our Fair Share". It's a great buying time.