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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: bill who wrote (2003)11/18/2001 11:48:11 PM
From: bill   of 11633
 
Talked to a small contractor. He's still building
pre-sold homes. Real estate agents say prices are
edging up but I talked to a homeowner who paid 285,000
for his house seven years ago and he just had his house
evaluated and was given a price of 275,000. Mind you
that was a bank evaluating the house for a line of credit
rather than a real estate agent giving a selling price.
So, there is business but the prices seem to have been
sitting still mostly. Tough market if you have to sell
but probably okay if you want to sell but can afford to
wait for your price. We're so used to buying and having
the price go up in a month or two. Quick return. Anybody
on this thread from Calgary? If any place is going to
get hurt with the downturn in oil prices, it is Calgary.
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