What do you call house prices increasing at 5X the target rate of inflation or rising two times faster than Alberta’s leading income and employment growth? If you live in Don Campbell’s world, you would call it “nice” and “steady.”
In an interview with 660 News, he predicts house prices in Calgary and Edmonton will rise by 5-7% in 2012, and post gains of 7-10% in 2013.
Related articles and past Don Campbell predictions:
April 2011: Buy Now – Frenzied Seller’s Market Coming
July 2011: When Average Just Isn’t Good Enough
he probably believes this BS – his income depends on his believing it! – to paraphras
“house prices in Calgary and Edmonton will rise by 5-7% in 2012, and post gains of 7-10% in 2013″
Why and how? even with interest rate rising? unemployment rate isn’t as low as we anticipated?
big deal! If you talk to anyone in Vancouver, they expect their RE prices to continue increasing at 20% per year for the forseeable future because “the whole world wants to live there and there’s an endless supply of Chinese billionaire immigrants trying to get in”
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