Status of the Market

June 2, 2015

 

The media has painted such an ugly picture of the economy in Canada.  Alberta oil has leveled out at around $50 a barrel.  Doom and Gloom.

The truth....  Real Estate transactions are in a frenzy.  Sales are coming through the roof right now. With interest rates stable in high 2%, buyers are winning the race these day's.  Property value in the Edmonton area are sitting at the national average.  In my opinion, we should be sitting higher than that since we have low unemployment and the long range future looks great.

Enjoy the lower values and don't hesitate to purchase a new home.

 

Gary Gordon

 

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