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Lethbridge Real Estate - Where are Prices Headed?
Lethbridge Real Estate - Where are Prices Headed?
 
I get asked at least once a week from a curious friend or past client to predict where prices are going in this crazy market.  Most often they are simply curious and not actually interested in buying real estate or selling real estate, but they are interest in making conversation about the issue.
 
Quite frankly, the economy in Lethbridge is strong.  Our unemployment rate is low, our vacancy rate is low, and most consumers are optimistic.  However, the same cannot be said of the rest of the world or our neighbors an hour south in the USA.
 
As the US market continues to crash, and I believe that it is only about half done so far, the Canadian Dollar will continue to rise.  I expect to see the Canadian Dollar reach $1.20 by next summer, along with the price of Gold, Silver, and other commodities which will rise too.  As this happens, it makes it harder for us to sell our resources to the world.  This plays a large part indirectly to answer the question of where prices are headed for Lethbridge real estate.
 
Despite our good fortune here, ... more

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