http://www.gregwilliamson.ca/uncategorized/and-this-from-cmhc/ Canadian and Alberta Real Estate and Mortgage Market Information with a slant toward positive comments in light of all the negative information out there Mon, 02 Jan 2012 19:35:08 +0000 hourly 1 http://wordpress.org/?v= http://www.gregwilliamson.ca/uncategorized/and-this-from-cmhc/#comment-42 Jason Dodd Mon, 16 Feb 2009 18:04:53 +0000 http://www.gregwilliamson.ca/blog/?p=183#comment-42 How low can we go? Builders are likely discounted close enough to their break even points, sellers are getting close to mortgage amounts in their pricing in many circumstances. There will come a time and likely soon that people will pull their excess listings, supply will balance with demand and that portion of our market will stabilize. Buyers are also starting to realize that this is not a bad time to buy. Remember 365 days from now when you look back at rates fixed at 4% and prices were at this level. If you tried to time the bottom then you just might have missed it both with price and interest rate. Calgary will turn around and true to form in this province it will likely be sharply. Its like our weather, if you don't like the way it is just wait a little while. How low can we go? Builders are likely discounted close enough to their break even points, sellers are getting close to mortgage amounts in their pricing in many circumstances. There will come a time and likely soon that people will pull their excess listings, supply will balance with demand and that portion of our market will stabilize.
Buyers are also starting to realize that this is not a bad time to buy.
Remember 365 days from now when you look back at rates fixed at 4% and prices were at this level. If you tried to time the bottom then you just might have missed it both with price and interest rate. Calgary will turn around and true to form in this province it will likely be sharply. Its like our weather, if you don’t like the way it is just wait a little while.

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