From Tina & Tania...
Happy February and don't forget that Valentine's Day is right around the corner!
Market Stuff: At the CREB (Calgary Real Estate Board) Forecast in mid January, CREB's Senior Economist Ann-Marie Lurie forecast that she is not expecting the housing market to crash, all things considered she's expecting a very modest price growth of 1.58% (2014 saw a price growth of 9.85%). The forecast is redone mid year, so in June/July we'll take a look at what happened in the first 6 months, and the forecast for the following 6 months.
"The economic climate in 2015 will change substantially compared to 2014. As a result, the resale housing market will demonstrate different traits. Weaker economic conditions are expected to cause a pullback in sales, causing supply levels to rise from current low levels. Yet prices are expected TO REMAIN RELATIVELY STABLE, increasing by 1.58% on an annual basis due to relatively low inventories going into this cycle." Ann-Marie Lurie
Calgary Stuff: I was lucky enough to attend (in January) the Calgary Philharmonic Orchestra's performance of Beethoven and Mahler - an incredible evening! Parking was a nightmare though.
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