Sunday, June 03, 2007

Don't Say No To $226.03 A Day Profit

If you own a home or investment properties in Alberta you made $82,500 last year. That is $226.03 per day.

"Alberta's average resale price of $359,640 was up 29.8 per cent over the April 2006 figure — the biggest percentage increase among any province. Put another way, that means that the average homeowner in Alberta made $82,500 on paper simply by living in their home over the past year." Read More

The amazing thing is in Alberta housing is still affordable. Sure it is harder to get into the market but compared to Vancouver, where an astonishing 73% of the local average household income is required to get into a two storey home and condos require 35%, there is much better affordability.