Real Estate in Central Alberta

Striking a Balance

These days I am optimistic.  We are headed to a balanced market...  with (seasonal)  activity higher,  rates remaining strong.  Striking this more balanced market, in my opinion is a great thing:  it opens the door a little wider for first-time homebuyers and reduces the number of bidding wars that can drive up the price of properties way beyond what they are actually worth. We've had some big years (late 2005 to mid 2007 )   seeing our economic provincial growth (GDP) in all sectors reach an all time high.  That really pushes the limits of manageability in a market.  Dispite the slowdown, and an ongoing recalibration in the oil patch, we continue to see growth nonetheless.   Its very difficult to predict what the market will do... the crystal ball is somewhat cloudy, but on a realistic note:  interest rates remain strong ... property values are more than fair and in spite of our free-spending Alberta government ( that is hardly pro-industry) ..." this too shall pass ".... because like it or not if you live in Alberta, you live by the price of oil.

Most importantly,  real estate is historically the safest long-term investments one can make and remember that your home is a lot more than a stock or mutual fund.  Your home is where you live, laugh, share dreams, shape traditions, create memories and most of all, feel secure. 

Take it easy...enjoy each day.

A proud supporter of the Arts & Culture in Alberta.

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