Today we were fortunate to attend the Red Deer Chamber of Commerce Luncheon with guest speaker Don Drummond, SVP & Chief Economist with TD Bank. Don presented his follow up to "Canada's economic Tiger, the Calgary-Edmonton Corridor", to a full house. This time Don's economic report is aptly titled "The Tiger that Roared Across Alberta". You can view the entire report your ...
Posted by Patrick Galesloot
on November 29, 2007
With head lines indicating that the end is near, and that we're in a buyers market so look out for falling prices how can 2007 be the best year ever?
By the numbers it is. Volume of sales is up, the average sale price is up, and the economy is strong. This is what it looks like for 2007 in the city of Red Deer:
2006
YTD 2007
Average List Price
$252,791
$313,378
Average ...
Posted by Patrick Galesloot
on November 22, 2007
The Town of Penhold is located approximately half way between Red Deer and Innisfail. Roughly 13 km south of Red Deer on Highway 2A, and the junction of Highway 42. It is a small growing bedroom community with a population of 1,961 (2006 stats). The potential for future growth is definitely there, making Penhold an ideal Town to invest in for future development. With its proximity to the ...
Posted by Patrick Galesloot
on November 7, 2007
In fact it was another busy month for real estate in Red Deer. It was very similar to October 2006. There was a total of 100 Single family homes sold in October 2007 compared to 101 in 2006. The similarities continued with the average sale price. The average sale price for 2007 single family homes was $338,856 and in 2006 it was $333,138.
Our growth has slowed to a point where we've caught up to ourselves. ...
Posted by Patrick Galesloot
on November 2, 2007