Tuesday, March 06, 2007

It is all about Alberta!

In Alberta the price of a single-family dwelling rose an amazing 5.1% and condo prices rose 6% in FEBRUARY. We estimate a conservative 7% appreciation a YEAR for our Joint Venture partners. Alberta`s economy is really delivering. All indicators point to another stellar year like 2006. In my opinion a slight cool in housing prices wouldn`t hurt, just enough time to get ourselves adjusted and ready to take action for the next big price increase. Houses in Alberta are still reasonable so the market has a lot of room to rise.

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