Im not sure if you were able to read the Calgary sun on Friday February 20th , but there were 2 great stories about Calgary housing market. The Housing market report released by ( CMHC .. Canada Mortgage and housing Corporation) The federal agency predicts that next year , the energy-rich province will lead the nation as home build bounces from a 3 year slump. Forecast for the year 2010 ( 14.6 % in Alberta and 1.9% nation wide) NO OTHER PROVINCE IS PREDICTED TO POST DOUBLE DIGIT... The main reason behind the CMHC's optimism for Alberta is that within one year, the impact of cash injection into the ailing economies of Canada and the U.S will be felt in the housing sector.. Mortgage rates are very low and pricing is perfect for the buyers. I guess the proof is in the numbers and the current market is showing a large increase from last month. CREB is posting 807 sales within the last 30 days and 4318 active listings , this means the balance is coming close. So buyers get of the fence and make your move before the move is made!. For more info check out the Calgary Sun ( Friday feb 20 ) page 35.
Cheers,
TR
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