Some of you may recall my writing about the situation of a couple friends of mine two months back. Figured I should do an update with Spring fast approaching and all. Anyway, now it’s been five months, four price drops, one re-listing and they still can’t even get so much as aContinue Reading
Calgary and Edmonton, two cities of similar sizes, linked together by geography, politics, and a healthy dislike of each other. In many ways it’s inevitable they’d be compared. One’s a little bit more country, the other a little bit more rock ‘n’ roll… one’s a little more white collar, theContinue Reading
I had been meaning to do this one for awhile, but never got around to doing all the number crunching… hopefully you guys will find this entry interesting, cause it took a fair bit of work. Read moreA Tale of Two CitiesEdmonton Historical PricesAs you have likely deduced, that isContinue Reading
The EREB announced their monthly tallies for February today, after a little bounce last month prices again took a tumble. The big stories would probably be the divergence of condo and townhome prices. Condos had actually defied gravity for a couple months, took a huge fall of 4.9% from January. They are alsoContinue Reading
This is the first in something of an intermittent series I’m going to do on mortgages. Despite often being a persons single biggest monthly expense, all too often people really do not understand how they work. And since I also get all geeked up doing this sort of stuff… behold.Continue Reading
Some days the mind wanders… you ponder such things as, if the Canwest media outlets pumped their own stock as much as they did real estate maybe their shares wouldn’t be trading at three for a dollar four for a dollar. Read moreMore Odds and EndsOkay, that was a low blow… butContinue Reading
Seems we have a fair number of readers on Twitter that are linking to us, so I figured I’d give you all another way to follow the blog. http://twitter.com/edmontonbust I’m thinking of using it to link to various news stories and other blogs of interest that I might not getContinue Reading
Had actually written another entry for today, but came across this article from Macleans, and decided to do a write up on it instead. I highly recommend everyone take the time to read it in full, as it is a very interesting piece and gives some great insights on the inner workingsContinue Reading
The CMHC pumped out their latest forecast this past week. Cutting through the b.s. and bravado, here’s the pertinent Edmonton prognostications, tabular form for your viewing pleasure. 2008 2009 Projected 2010 Actual Forecast +/- % Forecast——————————————————Price $332,852 $315,000 -5.4% $325,000——————————————————Sales 17,369 16,000 -7.9% 17,000——————————————————Vacancy 2.4% 3.5% +0.9%——————————————————Avg Rent $1,034 $1,070 +3.5%—————————————————— AContinue Reading
Don’t really feel like running numbers today, and there were a lot of housing relevant stories coming out this week, so we’ll look at those. Mike Fotiou wrote up an interesting piece on the CREA forecast for 2009, and their past fortunetelling exploits. Their predictions for Alberta are not going to make sellers anyContinue Reading