It sure feels like Spring Fever has hit early this year. I think it’s due to two major factors, one being the weather, and the other is just pent up pressure that the market has. How can you not feel good when you spent the last 3 months mentally preparing yourself for minus 30°C of bone chilling cold and it doesn’t even come close.
Its February now and March is often thought of as the first month of spring. I don’t know about you but knowing that spring is only a month away makes me feel warm inside. All these warm fuzzy feelings create happiness and as a result the regular Real Estate Spring Fever catches on.
The numbers of showings are pushing up every day and the phone is ringing. Could it be another gangbuster year like 2006? Probably not as the market just isn’t ready yet, 2012 will be a solid year in Real Estate with confidence just getting stronger, the real next push on pricing probably won’t happen until 2013.
What I believe is the most exciting part is how sustainable and strong it will be for a long time after. When large companies, like the ones in Alberta, that are expanding put plans together, its well planned for a long period. What this all means is that the gradual momentum has built roots to keep it strong in a storm.
Investors of all sorts see this as the best risk place to put their money and if you look at the rest of the world, we are definitely in the top 5% of the places to invest. Money is always flowing and there is always someone getting financial benefit in any economy. This is the bottom line! Those who invest in Real Estate and hold for the long term are guaranteed a huge ROI (Return On Investment). It’s going to be a great year and Albertans are lucky.