Name of the blog

Well; its been a long cold winter and Christmas isnt even here yet!

On the happy side the local economy is doing reasonably well and much better than thought. Ive met plenty of people hurt by the economy but theres many more that were not afffected. Ive always said Calgary is one the best places to live anywhere from an economical point of view.

Recent the housing and Real Estate Stats came out and with some very good news. In Calgary over the last 12 months Condos rose in price on average of 3% and deatched homes went up a very healthy 7%. We cant complain here - the real question is will it stay that way and will the economy be able to sustain it?

Other recent good news was on the Bank of Canada Rate. They promise to hold it at current levels until the end of the second quarter so this is very good news too. Perhaps its because some parts of the country arent rebounding quite as fast as Calgary.

History has shown time and time again that Real Estate is a good stable investment. You must be able to hold on through the valleys and the peaks and interest rate changes. All generations have had to deal with this. Since they have been keeping stats (50+ years) Real Estate has proiven to be a strong performer with the values doubling on average every 7 to 10 years and I know that has happened for our family. Some doomers say well its all relative and yest it is but if you have $400K equity more than you did just 7 years ago I'd say Real Estate is probably paying better than your job! Add to that oif its your primary residence then its tax FREE!

Right now with low rates and good home prices and flood of condos on the market this si still a very good time to buy. Last years Gamblers that were all waiting for the bottom of the market to hit. Why did they miss it? Because when you wait for the bottom to hit you dont know it was the bottom until you atre already past the bottom!

So; be thankful you live in the Calgary area. Call me for free consultation and advice. We do not hassle you and there is no obligation. Just straight up FACTS and great service. Why? We know one day you will see that you and yours need to work with us to get in on the best bargains and with the least amount of hassle possible.

Merry Christmas if we don't talk to you before - all the best for a great 2010!

Jim Messner

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