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SignUp Now!Historic prices are always interesting, but of course we invest today looking forward. Assume a flat line - at best - with an NDP government and oil sub $50 for a few years in Alberta.
Personally I believe prices & rents will decline up to 10% in Alberta - some areas more and some areas less - if oil stays below $50 for a prolonged period, if pipelines are stalled and if NDP takes ever more $s out of your jeans in the form of taxes, fees and higher energy prices to fund unions, civil servants, hospitals, roads and "the environment".
Surely, we are under a construction boom in Alberta right now. Both in commercial and residential areas (check out this map of rumored, potential, probable, and under construction projects: https://www.google.com/maps/d/viewer?mid=zDXF4h19vSSA.kgFjl5EZL59g).
For long time scales, I much prefer log scale graphs since a constant rate of increase (e.g. an inflation rate) would be a straight line rather than a curve. I've attached a rough graph that I sometimes use (based on average prices from the Edmonton Real Estate board).
-Peter
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