Weekly Market Update, Jan. 5/18

Agreed. There was news out today that Alberta has recovered all the jobs lost since the downturn, and the economy is leading the country. Pretty much everyone has a high paying job it seems. And oil is hitting multi-year highs. Hopefully things don't get too hot quickly, but I think another real estate boom is overdue.

You made my day guys! Lolllllllllll

Market is about to rocket.....

New price highs will be seen throughout Canada in 2018 as Canadians are getting rich with middle class growing with high incomes.

Do you anything constructive to add to the conversation?

The only think about to rocket is interest rates

I hope you're right about that one but America never came out of the last recession and Canada is seeing its last gasp with the December jobs report. I'll be putting in a big time short on the Canadian dollar bright and early at 9:30am + 30 seconds or 30 seconds into the open Monday.

I thought you were kidding. Regardless I have a question for you as you mentioned once you work for a bank so I am assuming you must know. Can you lock in a mortgage rate with more than one bank at the same time? I mean what happens if the other bank knows about it?

Absolutely you can. It will have a small ding on your credit as they'll pull it each time, but it's fairly nominal. Mortgage brokers are a good bet too, as they'll shop around with your application to get you the best rate, and they'll only pull your credit once. Plus, they have access to lenders beyond the big banks, which often will have more competitive rates. My mortgage is coming up for renewal in a few months, and I plan on shopping around extensively.

Oil presently has the largest short interest in history. So you'll see soon either a large up move on a short squeeze or a large down move. Since the price of oil is now 100 percent rigged it has to be a down move because any up move will stunt world growth that doesn't even exist!!

Seriously guys ?? See prices soar ??

If you want huge returns invest in ACB.TO, if you want an affordable home in a great place to live buy Edmonton Real estate. However do not be delusional enough to think you will see any gains at all with Real-estate in Edmonton. If you are looking at it as a short term investment.

If anything once the effects kick in of B20 and higher interest rates upon most folks mortgage renewal, we will see a slight reduction in prices by year end 5-10% is my best guess.

People in Edmonton arguably have a lower disposable income than 2 years ago, with the costs to service an average mortgage going WAY up.

Before pray for oil ask yourself two questions, first , will you get rise from your employer and second , are you ready to pay at least 30 % more for evening.

They will increase the rate next week

where are the stats from last week?

I have no idea Bubu, thanks for alerting me, I'll look into it.