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Dig's n Things - Real Estate and More with Dan Welyk

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Wednesday, September 27, 2006

"POP" goes the market....

Further to my note regarding current Calgary MLS listings pushing towards 5000 homes and condos on the market....Let's change this to 5100...

Today upon examining the mls database, as of 1400MST we are sitting at 5042 homes for sale. Simply incredible.

As we can clearly see right now, the number of home seller’s is definitely surpassing the number of home buyers.

This is an interesting topic not being...
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Monday, September 11, 2006

Calgary's Real Estate Bubble

The other day CFCN.ca reported a story regarding a warning from economists from TD bank stating the spike in the Calgary real estate market is unsustainable and there are signs of a "bubble" forming. The article also states of local real estate professionals not being worried as we have a booming economy.

In my opinion, the bubble is here and it is bursting right now. Am I worried though? Short term...
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