As you could see from the graph I posted in my previous blog, the activity slowed down in the last 4 months. The statistics you are receiving in newspapers, usually reprint some analysts from big financial houses. An example is a Bloomberg-based article that quotes Shaun Cathcart, the national real estate bord's senior economist, who said:


"We are not returning to normal, we are only returning to where we were before COVID, which was a far cry from normal".

I completely agree, we are in no man's land...

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 The Canmore housing market went within one month from a crazy binge to a screeching slowdown. For people who put the houses recently on the market, the big question is "Is it just a demonstration of relief of hundreds of thousands of Canadians taking finally holidays, being able to travel and breathe without a mask? Or is it a breather, and pause of the market before another busy autumn?  Or is it a beginning of the correction after a very long appreciation?". 


According to Better...

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The Latest RE/MAX 2021 RECREATIONAL PROPERTY REPORT published at the end of last month is very upbeat about the Canmore housing market.  I would not elaborate on what is causing this sharp price spike, but while the trend started before the COVID-19, it recently accelerated and will continue at least till the rest of this calendar year.


REMAX Report Table for Canmore


Here is the full quote from the REPORT (I have highlighted what I believe is most interesting in yellow):


"A majority of Western Canada’s recreational markets...

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If you are complaining about (buyers) or cheering for (sellers) rocketing prices of houses, you should know that one reason for price escalation is the cost of lumber. Lumber futures quadrupled since the last year and retail prices at least doubled, if not tripled. According to the Canadian Home Builders Association, the cost of lumber added about $30,000 in Canada and US$36,000 in the USA to the price of the new house! The difference is caused by us being the exporter. Canadian SPF (Spruce/Pine/Fir)...

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In my last blog, I shared with you some basic statistics regarding our current market. I am reading a lot of sources and they all point in one direction only. The trend is up. Here are a few quotes from Calgary Herald article written by J.Schlesinger:


“Royal LePage’s 2021 Spring Recreational Price Forecast predicts Alberta recreational properties, which include Canmore, will see price increases of about six percent, year over year, to an aggregate price of more than $942,000 this year....

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This ratio is commonly used to decide if the market is “Buyers, Balanced, Sellers and Overheated. CMHC defines a housing market as “Overheated” when the ratio is over 85%, while 60% and over is considered seller’s market.  Our ratio is 100.16%  now! I do not think I need to say anything more… 


The question I am being asked most recently is “How much will 1,2,3... bedroom home cost me? Or what can I get for $500k, 800k, 1M?  So, using RE Stats...

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“Progress is impossible without change, and those who cannot change their minds cannot change anything.”—George Bernard Shaw

For years people were leaving rural areas for big cities in search of entertainment and jobs and lifestyle which urban living offers. And those who went mostly for well-paid jobs had to venture into nature over weekends to find what I really call the LIFESTYLE;-).  Not any more. The COVID 19 proved to us that technological advances such as cloud computing...
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 Our Governments have good intentions when they are trying to let us believe that they will not raise interest rates soon, but they are not in full control!


 Peter Lynch once famously said: "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections than has been lost in corrections themselves."


I would like to borrow his wisdom and apply it to the current real estate market in Canmore. #Canmore is unique because it offers its beautiful #lifestyle...

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If you want to move to Canmore in the future and you want to make sure that the quickly appreciating Canmore market will not run away from you, I have a plan for you. I found for my clients a house that will allow them to sleep well knowing that they can in the future either move into this property or exchange it for something suitable when their time comes to move in. Using this example as a template, I would be delighted to repeat this scenario with you.

Let’s do some math:

  They...

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Great Reset fans are not happy where your investment $ is going


Kevin Carmichael from Financial Post posted an article criticizing Canadians wager on real estate while the tech revolution advances.


He is concerned about how much money Canadians are pumping into the real estate market, how detrimental it is to the health of our economy and the productivity of our nation.


He writes how “embarrassing” it is that they are not betting on the digital and carbon-neutral economy...

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My all-time guru Ray Dalio dropped that bomb at the annual meeting of business and political stars of the world at Davos. And he also made a plea to the world on Twitter: “I believe we are on the brink of a terrible civil war ... where we are at an inflection point between entering a type of hell of fighting or pulling back to work together for peace and prosperity.”

He also criticized the current stock market, where everybody wants in, not understanding principles of margin and ...

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There is a huge disconnect between the velocity of money and Employment Population Ratio. This fact will have an impact on inflation, interest rates, and what you can consider as a hedge against inflation when it finally strikes.

I have read a very good, logical, and very short article written by Vuk Vukovic published in Seeking Alpha. I picked up a few excerpts from it and then added my own comment in italics at the very end.  The article talks mainly about Bitcoin, but I do not believe...

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 Good news: Prices are going up. Bad news: There is a very low inventory. We at RE/MAX Alpine Realty did some number crunching and situational analysis. At first, let’s have a quick look at some year over year trend comparisons (DOM=Days On Market, PSF= price per square foot):

Year over Year averages show a 5% increase in price:

2019 519 Sales, 69 DOM, Price $713,000

2020 663 Sales, 72 DOM, Price $748,000

Comparison of 4th quarter averages show a dramatic, 12%, increase in PSF:

2019...

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While it is definitely not an exodus, the re-location trend across the Canadian housing market is real. Based on anecdotal evidence in Canmore, about 28% of clients buying in Canmore are now “work from home and move away from big-city crowds". 


With all this action in the market, RE/MAX Canada expects average residential prices to rise 4% to 6% in 2021. In my opinion, Calgary will likely be on the lower side of the scale but for Canmore, I believe, will be the upper side.


“Despite...

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I am delighted to share with you information from two interesting articles published by two of my favorite geopolitical and investment gurus. Do not forget, whether you like it or not. Real Estate is an investment. You do not use it and throw it away as a consumable.

Both articles clearly explain that our governments are now in “stage 5” of the cycle and are running out of the options on how to deal with future crises. The lack of the ammunition is obvious and will have serious consequences...
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This article was written by Robert & Sam Kovacs (specialists in dividend investing) brings some hope to the devastated #realestate of Alberta big cities. #Canmore is doing just fine, "thanks" Covid-19 and desire of investors to park some money into hard assets of Real Estate when all western societies are in turmoil.

  • Clean Energy is in.
  • Dirty Energy is out.
  • That's what they want you to think.

​ ​It's not as easy as that. No arguing that Renewables are on the secular rise. But Oil and Gas is in...

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I am pretty sure many of you, no matter on which side of political spectrum you reside, are puzzled why we became so polarized. I found a very interesting interview on Farid Zacharia's GPS. Vox Editor-at-large Ezra Klein joins Fareed to discuss his new book, "Why We're Polarized", & just how hardwired humans are to divide between "us" & "them". Very interesting, I definitely have to buy this book! See for yourself and enjoy! 

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Hello, my friends and clients!
 
I am working hard in real estate with great success due to a hot Canmore market...no doubt about it.  My investment adviser's past, my interest in geopolitics, climatology, and UofC experience feeds my insatiable craving for data, information, and analysis. Today, I run into an interesting and short article written by Mark J. Grant.
https://seekingalpha.com/article/4379664-central-bank-watch
 
"Currently, the world's major central...
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"Second"  wave  (or better never-ending first wave), of COVID, should trigger in our society desire to reassess the way we are dealing with this pandemic. Freddie Sayers talks to eminent epidemiologists Dr. Sunetra Gupta, Dr. Jay Bhattacharya, and Dr. Martin Kulldorff, who met in Massachusetts to sign a declaration calling for a different global response to the pandemic.  
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The end game of three decades of excess is upon us, and we can't deny the weight of the debt imbalances currently in play.  The recovery in net worth is the result of a heavy skew by the top 10% of income earners.When looking at the financial landscape of families, the future does not look bright. The structural transformation over the last decade has permanently changed the financial underpinnings of the economy as a whole.
READ MORE:
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