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Market Updates

Alberta Real Estate Market Report - October 2016

Alberta home sales record first year-over-year increase in nearly two years - The Alberta Real Estate Association (AREA) reports that a total of 4,527 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in October, rising 4.6 per cent from the same month last year. This was the first year-over-year gain since November 2014.

 

 

 

 

 

 

 

 

 

 

 

 

Feel free to click here to read more about the October Stats for Alberta Real Estate Market.

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Alberta Real Estate Market Report - August 2016

The Alberta Real Estate Association (AREA) reports that a total of 4,927 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in August, down 4 per cent from the same month last year. This was the smallest year-over-year decline since December 2014.

The average MLS® residential price edged up 0.5 per cent from August 2015 to $390,615.

 

 

 

 

 

 

 

 

 

 

Feel free to click here to read more about the August Stats for Alberta Real Estate Market.

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Canadian Farmland - Market Update

Click here to view Alberta Farmland Price per Acre and how it compares to other provinces for 2014.

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Financial Update

In light of the drop in our oil price, lets have a look at past oil prices:

  • In last recession in 2008 oil went down to WOW……..$30.00 a barrel!!!
  • 2009 came up to $70
  • 2011 came up to $90
  • 2012 came up to $110  
  • 2013/14 $90-100 approximate.

Alberta Economy since 2009 Alberta growing each year at 4%+ GDP which is outstanding.

GDP… Growth Domestic Product is the gauge or thermometer for health of an area economy.

GDP is dollar value all goods & services produced annually.

For Alberta, with low oil prices, will be on a downward trend; however all banks saying still have a positive growth of 2%.

Click here for more information from Todd Hirsch.