(February 01, 2015)

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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