The 30-day median price in Calgary at $430,000 is now higher than at any time since August 2007. I remember the doubt in many buyers’ minds in early 2009 after the sub-prime mess in the U.S.
For those who took the risk, if you bought an average home in Calgary in Jan 2009, the median price has risen $55,300, or 15%. Average price is up $86,993, or 21%.
Bubble bloggers, most of whom have gone by the wayside, were spreading gloom and doom, eagerly awaiting the market to crash, as they stocked up on bottled water, ammo, and canned goods.
How many buyers are now sorry for listening to the doomsday crowd? Was it worth waiting three years, only to pay an additional $55,300 for your home? What are you going to do with all the canned beans, ammunition and firewood? Do you feel like the Greater Fool?
The graveyard of bubble blogs is getting crowded
Bob's real estate blog 