Reported this morning by the Calgary Herald, luxury homes sales in the Calgary area have increased in the first quarter of 2010. 67 upper-end properties valued at more than $1 million were sold in the first quarter of this year compared with 35 during the same period a year ago.
As reported in Tuesday's Montreal Gazette, more Canadians plan to buy homes in the next 2 years. The strength of the Canadian housing market relative to worldwide markets has increased confidence in real estate.
The Calgary Herald this morning reports (via Re/Max) that Calgary home prices are forecast to rise 5% in 2010... read the full article here. The article goes on to say that Re/Max is estimating MLS sales to hit 26,000 this year in Calgary for a 12 per cent gain from 2008 and it is expecting sales to continue to rise by another eight per cent in 2010 to 28,000
Our website tells you the details of what and how Alta Pacific MIC works... this news page (and our Canadian mortgage blog) is updated regularly and hopefully sheds some light on who we are while also sharing some of the latest news in Canadian investing - most notably, investing in Canadian mortgages and real estate.
While the Alta Pacific team has considerable experience in real estate, we're new to this online world - including blogging - so go easy on us.
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