Calgary Real Estate still a safe haven - Ed Jensen

On October 2nd I wrote about the negative tone of an article in the Calgary Herald covering Calgary’s Real Estate Market. This week the paper has published a new article featuring a different perspective on the same statistics and information.

The new article, headlined “Calgary Real Estate Still a Safe Haven” can be read at this link and features a quote from Calgary Real Estate Board president Ed Jensen:

“A residential home is the greatest long-term investment vehicle. The cost of land, materials and labour are not going down over the long term . . . The Calgary real estate market has weathered the current economic slowdown well. We’ve been working towards a normalized market since the first of the year. And slowly our inventory has been coming down and our market sales remain steady from January forward. I believe we’ll continue to do so and we’re perfectly positioned for long-term investment opportunities right now in this market if someone’s looking to buy,”