Posted by 'Disgusted'
This article is completely irresponsible, wreckless manipulation aimed at coercing people into buying into a market that is headed for much lower prices. There are people who will be hurt by this - young people who have never seen this type of market before, older people who are hanging on in desperation seeing their retirement dwindle and others hanging on by a prayer hoping beyond hope for a recovery. Where are the facts to support this ridiculous prediction when all the facts point to a failing economy and lower housing prices. I am disgusted by the self serving message by the PRESIDENT of CREB and would urge everyone who feels the same to contact CREB to voice their complaint. At the very least I would like Ms. Wegewich to back up her comments with some realistic facts ilustrating her conclusions. Which of course she could never possibly do.January 22, 2009 - 10:46 AM
So what does this mean for Alberta Real Estate Watch? I just put on some Vietnam jungle boots.
Yet again we are waiting for the buyers as we have since the boom ended. I put together a compilation of quotes from Calgary Realtors talking positively about interest from potential buyers.
Q: Has the market hit bottom?Bonnie Wegerich, CREB president
A: All of a sudden we're seeing some buyers come out again and start looking for houses. I think they want to buy before the market starts to go up again.
Incoming real estate chief expects return to stability
Jan 21, 2009
(sales between Jan 1-15 are down about 60% from the same period last year according to Mike Fotiou)
Real estate agent Kristen McNaugton has been run off her feet. Instead of the usual winter slowdown, December has been the start of a real estate frenzy. "Well our phone is ringing off the hook. People seem to be getting off the fence and they're ready to buy"CBC News Fail
(December SFH sales fell 47% YOY)
"International investors are definitely buying. Calgary and Edmonton real estate is hot in Europe and the U.S., more than I've ever seen before in all my years involved in real estate. The top banks in Ireland, for instance, are buying here. They see it as safe, secure and good for the long-term, compared to other options."Don Campbell,
While he says the number of sales won't be anywhere near the record levels of the immediate past, "most cities in the world would cry for what is still forecast for here."
Calgary resale market seen as 'self cleaning'
March 1, 2008
(The bank of Ireland is trading at $2.12 down from about $60 in March 2008)
...Sales will come, he says.'Breather' for market
It is already happening, says Tim Crough, a realtor with Prudential Toole Peet. "We're starting to see the starter home market pick up, predominantly in condos, but also lower-end singles."
March 1, 2008