Real Estate in Central Alberta

Striking a Balance

These days I am (cautiously) optimistic about the real estate market.  We seem to be coming towards striking a balance.... right now we have a buyers market, which is good for alot of folks.  A more balanced market, in my opinion is a good 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 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.  I believe we will continue to see growth nonethless.  Dispite the slowdown, and an ongoing recalibration in the oil patch, Alberta continues to lead the country with the lowest unemployment rate.  Its very difficult to predict what the market will do... the crystal ball is somewhat cloudy, but on a realistic note:  interest rates have never been better... property values are more than fair and our province remains strong.  

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

Take it easy, and enjoy each day.

A proud supporter of the Arts & Culture in Alberta.

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