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If this is recession, so be it

As per figures released by Calgary Real Estate Board, sales of single family homes in Calgary increased by 50% in February, 2009 compared to January, 2009 ( 825 in the month of February from 550 in January).

The number of condominium sales for the month of February 2009 increased by more than 50% from January 2009 ( 343 in Feb 2009 vs. 225 in January 2009).

The average price of a single family home in February 2009 increased by 0.6% from January 2009.

There are too many buyers who are waiting for prices to bottom out before they buy. The only thing they have to consider is whether there will be enough houses for them to make their selection.

Posted on: Tue, March 10, 2009 by Raj Khurana

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