Good morning.Another weekend and another month has come to us once again.It has been a long while since I have written anything about the construction industry.I don’t come here very often since this is a bimonthly blog that I keep and I am finding out that I am getting some viewers and visitors which is good and I should turn this blog into a monthly journal about the construction industry and real estate but I don’t since I am busy trying to get some ideas as to what to put here.But these stories should be good as to what I am going to tell you here.First off I have been spending the last two months driving around the neighborhood looking for some houses that I have been put for sale here in Calgary and I have to say that there have been more for sale signs put up than I have seen before during the last few months since lately oil prices have taken a real nose dive which has caused a major uproar in commercial real estate becoming vacant.I don’t know how these landlords are going to be able to make their money with companies moving out of the downtown area. Of course this is spreading wide over to residential real estate since there are more houses for sale than ever before.
This is one of the reasons why that the renovation industry has increased due to the slowdown.More people are choosing to renovate their homes rather than deal with the expense of buying a house and then paying mortgage on it. This of course has created more renovation jobs and work for people who want to learn how to make home improvements.This trend will continue throughout 2018 or if and when the oil prices turn to normal.But a couple of years seems like a lot if you really think about it.
Well,that’s all for this month and I will see you in July.