The FALL Market

The local real estate market has seen another soft year.  Up to today, the Calgary Real Estate Board has reported 20 residential property sales within the Town of Vulcan, plus one residential lot sale.  According to the Alberta Land Titles Registry, there have been a total of 25 residential sales in town, with an average price of just over $199,000.  To note, once properties are over the $250,000 mark, the number of sales tends to decrease quite a bit.  This shows that it is still a buyer's market.  As I have stated before, it is the bargains that are moving.  Higher end properties tend to sit on the market for an extended period of time.  However, there are positive changes happening in the Town of Vulcan and throughout the County of Vulcan.  This is why I am feeling optimistic for the upcoming year.  First of all, the hospital in Vulcan is seeing the addition being closed in.  It is going to be exciting to see the finished product there.  Secondly, the plan is for construction of the new outdoor swimming pool to start in the spring.  As for the County, the bins are up and they are preparing the ground for railway lines by Carmangay for the new grain terminal - G3.  The largest solar project in Western Canada is planned for the Travers area.  I do not know all of the details of that, but it sounds quite interesting to me.  As my instructor told me in my university economics class, everything goes in cycles, and I am betting that we have seen the down side, and are getting ready to start climbing up again.