A quick comment on the Calgary Herald article "Return to normal predicted for market"
Yet another of article of baseless reassurances.
No claim substantiated. No reflection why the same idea brought up in the past was proven wrong by the market. Take a look at this article from the same author, Realtor and paper from January of 2008: "Return to 'normal' predicted for 2008" . See previous post
"The start of 2009 is poised to signify the end of the downward movement in Calgary's real estate market," says Ted Zaharko, broker/owner of Royal LePage Foothills Real Estate Service. "Over the past few years, the city experienced explosive growth followed by a significant correction period-- but a turnaround to normal market conditions is imminent."
After more sweet nothings from another industry insider the Herald prints:
There is a growing feeling within the industry that the low has been reached, particularly with the way the Calgary economy is operating.
This is total ignorance of the past by the Calgary Herald. This implies that at one point the industry was less sure of a bottom and falsely gives them credibility where none is deserved. The industry continues to feel a low has been reached, as it has since the downturn began.