UNBELIEVABLE year for Calgary real estate, going up, on average, over 38%. Almost everyone is saying this year is going to be much more muted, and we’re going to see single digit appreciation in 2007. WRONG. As I have been expecting, sales volumes are very interesting. Last year, in January 2006, there were a total of 2,408 sales that occurred in Calgary, which was almost a 50% increase over January 2005, which was 1,612. So for January 2007, most people expected sales volumes to drop significantly for 2007. However, January 2007 saw sales of OVER last year’s volume, with more than 2,480 sales occurring! (the final number isn’t available yet, but this year’s sales volume was HIGHER than last year). This means that demand is continuing to be VERY strong in Calgary for 2007, and I expect that the number of active listings, which is down almost 50% from November, will continue to drop. The market will not bring enough listings on in the next few months to satisfy the incredible demand we continue to see in the market. Again, this is a HUGE signal to me that we’re going to see significant growth this year, and my suggestion is that if you’re wondering if you should buy anything in Calgary, BUY SOMETHING SOON. When you’re watching fundamentals, it’s not hard to see where the market is heading, and doing it before the rest of the market sees it coming can create incredible returns for you. Don’t believe the hype.. the Calgary market is definitely alive and well!]]>