Calgarys market as of september 08

Hope everyone is happy, healthy,and wealthier...well, the wealthier part might be a little harder to achieve in todays market, but still is absolutely possible.

Looking at August stats and year to date stas, we all know the average sale price is off 10-15% from the highs of June 2007, and sales are off approximately 30%

The press is all over this, not just in Calgary, but accross Canada and the United States. Recent articles dated Sept. 9 are saying most cities in Canada are over priced as much as 25 %., for Calgary, they are saying 7%,. If this is the case, that is not that bad.

 

A sept. 10 article states housing starts are off, comparable to 1990, this is good and will help the resale market.

 

Calgary is the place to be economically , bar none and will recover to a balanced market soon.

Interest rates will fall in the United Staes and in Canada and this will also help the market.

At the organization level, Century 21Bamber Realty Ltd. will be switching to the new website format that Century 21 Canada has, with the addition of our features. I would like to see all our agents do the same.

Century 21 Canada's website is now the number 2 site in Canada. We could be number 1 if we work togeather.

 

Good luck and have a great last quarter. 

 

 

 

George Bamber

George Bamber

Broker/Owner
CENTURY 21 Bamber Realty Ltd.
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