Real Estate Report

Welcome back to you all!It’s hard to believe that we are already in the month of March and it is the first day too.Now a lot has happened during the last two months I have been gone from this site.This one house in my neighborhood is just about finished and I will see if I am able to get some pictures of it. If not then that is alright too.I will just write about it in the next two months.Anyway, I have been driving around the neighborhood and more houses have been put up for sale since I am thinking that people are either selling their homes to move into smaller homes or they’re just walking away from their properties due to the fact that the economy is so bad to the point that they’re not able to make their mortgage payments.

Anyway, I did manage to do ¬†watch some news reports on the whole real estate market in Canada.In fact, it has been a couple of days ago during my day off from the gas bar.It was on CBC News and maybe some other stations.But mainly on CBC News.They talked about comparisons in which cities have the cheapest houses and they named Edmonton, Halifax and some other cities in Saskatchewan, Ontario and Manitoba. Other provinces they named too which are too numerous to name.Another words cities that are cheaper than Toronto and Vancouver which are very expensive.Victoria I suspect is expensive as well since the city is close to Vancouver and is in the same province of BC.Even though some cities in Canada are cheaper than others I would have to say that the prices I saw are still expensive because they’re in the six digits.While houses in the U.S. costs less than here since the price range in the U.S is sitting in the five digit range.

Well,that’s pretty much all I have for this period since this blog continues to be written on a bimonthly basis.So I will be back in May!!

Real Estate Report

Good morning I am back ¬†here once again and I want to tell you that a lot has happened with the last two months I have been gone.There are couple of houses under construction which I was going to take pics of buy never had the chance to do it.Like there was this house near me which I thought I snapped a pic of but to my amazement I never took it since I wasn’t able to locate it in any of my files on my removable drives.But I wanted to say that there has been some progress made with the construction of the house.

But anyways speaking of houses,real estate has been down a bit with regards to sales since the economy is in a big recession and people have been losing their jobs and have had to put their houses up for sale.In fact oil prices have been down and I have to tell you that things are about to get worse in Calgary and maybe around the world because I have just heard word that China and Brazil have been suffering too and I have also been hearing that the USA is experiencing a real slow down due to oil prices as they are.So as I have seen in the last few months I have been gone from here the real estate market has been at a standstill but construction of residential and commercial properties have been at a all time high. Even real estate is suffering in the USA but not as frequent as I have seen here in Canada.But here in Calgary things have gotten worse in the housing market.

So it looks like even though construction has been going on here with regards to housing construction,the buyer ship hasn’t been high and with the low oil prices as they are this trend is going to increase.In fact I have been looking in this website which has houses,the houses I saw were still there on the site.So that has to tell you what the real estate market is like right now.It’s not good.

Well,that was my report for now and I will write another one two months from now just before I go out of town for Christmas. See you then.