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House price is going to be higher in 2007! f7 U) v3 `+ z$ y2 V5 Z
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Year 2007 will be the 2nd good year for real estate in last 30 year. All the real estate in Canada are beliving econormical booming will bring up the price of real estate of Alberta. As data shown from Alberta real estate investment associationg that the increasing will be more than 10% for 2007 and 8% for next 3years.
5 i# D9 y: V( eby Analysis the trend of house price, the method using by invest is to find fundment factor. The most improtant factor is the migrant number. For 2006, so many people move to ALberta and that is why the house goes high. For next few years, this number will be continue increasing. If you do not believe, you can just look aroud people near you. How many familes are moved here last year and how many will move recently. All of people need a place to live, whatever house or apartment. This drive the house and rent goes high.
. e. V* R/ h) a+ SPeople like to believe what they want to be true. However, if you put your emotion aside, you see the factor. Let see you are not owner of a house, you most likely to believe the price is too high and will be drop. Like several peole here always say "drop and drop". I believe they are not the house owner so far. & d; o% k6 i- }6 ^+ h6 K! U
And just oppsite, the owner of house, especially the owner of seeral houses, like to believe the price is up and up." K: y% B: I8 S! N. V# w$ ~
If you analysys it, put you emotion aside.
% J0 C! Y$ \. ^3 v' u! i: [0 hUS house market is not Canadian and not ALberta either. For lst two month, the sales of house is dwon on the quanitity. And most of people believe the price goes dwon also. However, the factor is just oppsite. In edmonton, the single houses and townhouse are continue to increasing, condo is dwon on October and up again in Novenber. Even though the sales volume is down comparing to months before, it still 40% larger than last year. Especially this month, the sales volume start to increase aparently. Did you see something from the data. If I am not wrong, the price will go up again after March in Edmonton.
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" [8 P+ F2 C9 J0 z) t2 g% fIt may be true the price will come down someday, but not next year.5 m# ], A6 b5 K; u4 a9 h
p. S M- l8 [% n+ Q# E, b/ t4 e4 ?Please forgive my poor Englis when you read it. |
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