A second look at the Real Estate industry in Alberta.
Tuesday, October 30, 2007
Home or Lottery Ticket?
I took this in front of a condo conversion in March. Hopefully this stage of the real estate cycle has passed and one day people will buy condos and houses for the shelter they provide.
"We're predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month," Carolyn Pratt, Former President REALTORS Association of Edmonton, April 4 2007
1 comment:
Should be interesting when Arriva comes online? I'd guess 30-40% of condo's were bought as a speculative purchase.
Post a Comment