Calgary House Prices Market Factors-Episode #118
Ever wonder when the best time to buy a house or condo is? Have you ever asked the question that I get all the time?
How is the Market? When are prices going up? What are sales like? These are questions that I hear a lot. I have done video blogs in the past talking about not being able to "Predict" the future in real estate prices, being asked my opinion, I would have said that it is,"Difficult to predict however I can tell you the history of the sales."
Predicting Calgary House Prices
Finally I have found a great graph that will help you predict future growth within the housing market not only in Calgary, or Alberta but for all of Canada. Don Campbell of the Real Estate Investment Network has put together a great graph that I go through with you in the video.
It covers everything from GDP growth and how that affects rent price increases and vacancy rates, and the direct bearing that these factors have on housing prices. Of course there are many other factors in between, you will just have to watch the video to see what I am talking about.
By the way if you would like to read the report just go ahead and CLICK HERE.