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	<title>Calgary Real Estate Market Blog</title>
	
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		<title>Buyer Beware – Mortgage Rates Set To Rise!</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/12/10/buyer-beware-mortgage-rates-set-to-rise/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/12/10/buyer-beware-mortgage-rates-set-to-rise/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 06:00:15 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[carrying costs]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[bond yields]]></category>
		<category><![CDATA[mortgage rates]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=524</guid>
		
			<content:encoded><![CDATA[In my previous post, I had a poll that asked what the biggest perceived supply risk to the real estate industry in Calgary over the next three year horizon.  This was a randomized poll, meaning that...<br/>
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		<slash:comments>51</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

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			<media:title type="html">Buyer Beware! Mortgage Rates Set To Rise</media:title>
		</media:content>
	</item>
		<item>
		<title>Calgary Resale Supply – Bankruptcy Threat Growing But Not A Problem Today</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/11/23/calgary-resale-supply-bankruptcy-threat-growing-but-not-a-problem-today/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/11/23/calgary-resale-supply-bankruptcy-threat-growing-but-not-a-problem-today/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 23:16:50 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[bankruptcies]]></category>
		<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[mortgage arrears]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=508</guid>
		
			<content:encoded><![CDATA[Much has been said about the growing amount of mortgage arrears in Alberta, but how much does that impact supply?  As shown in previous graphs on this blog, the resale market has generally been...<br/>
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		<slash:comments>8</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

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			<media:title type="html">Calgary Resale Supply - Bankruptcy Threat Growing But Not a Problem Today</media:title>
		</media:content>
	</item>
		<item>
		<title>Calgary Housing Affordability Update</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/11/22/calgary-housing-affordability-update/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/11/22/calgary-housing-affordability-update/#comments</comments>
		<pubDate>Sun, 22 Nov 2009 16:53:27 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[affordability]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=497</guid>
		
			<content:encoded><![CDATA[As noted in previous posts, Calgary&#8217;s affordability has been on an improving trend.  RBC economics shows that the current affordability in Calgary is nearing cyclical lows.  If one looks at the...<br/>
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		<slash:comments>5</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

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			<media:title type="html">Calgary Housing Affordability</media:title>
		</media:content>
	</item>
		<item>
		<title>Calgary CMHC Forecast Bias – From Optimist to Pessimist?</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/11/16/calgary-cmhc-forecast-bias-from-optimist-to-pessimist/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/11/16/calgary-cmhc-forecast-bias-from-optimist-to-pessimist/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 01:42:06 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[CMHC]]></category>
		<category><![CDATA[bias]]></category>
		<category><![CDATA[forecasts]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=487</guid>
		
			<content:encoded><![CDATA[Studies have shown that there is a tendency among analysts to be consensus seeking.  More often that not, analysts are benchmarked against their peers so an analyst may be rewarded even if his...<br/>
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		<slash:comments>3</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

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			<media:title type="html">Calgary CMHC Forecast Bias</media:title>
		</media:content>
	</item>
		<item>
		<title>Calgary Housing Recovery Already Underway?</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/10/20/calgary-housing-recovery-already-underway/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/10/20/calgary-housing-recovery-already-underway/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 04:08:59 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=463</guid>
		
			<content:encoded><![CDATA[It&#8217;s been awhile since my last post, so I thought I would share some interesting information. The first graph illustrates the historical supply and new listings on a seasonally adjusted basis. ...<br/>
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		<slash:comments>8</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2009/10/sales_newlistings.jpg?w=300" medium="image">
			<media:title type="html">Housing Market Activity</media:title>
		</media:content>

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			<media:title type="html">Price Changes</media:title>
		</media:content>
	</item>
		<item>
		<title>Calgary Resale House Price Model</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/04/22/calgary-resale-house-price-model/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/04/22/calgary-resale-house-price-model/#comments</comments>
		<pubDate>Wed, 22 Apr 2009 07:59:30 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[short term real estate trends]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[calgary house prices]]></category>
		<category><![CDATA[econmetric model]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=443</guid>
		
			<content:encoded><![CDATA[The following graphs illustrate the historical relationship between absorption rate and house price changes in Calgary.  As the absorption rate decreases, demand exceeds supply, and house prices...<br/>
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			<wfw:commentRss>http://calgaryrealestatemarketblog.wordpress.com/2009/04/22/calgary-resale-house-price-model/feed/</wfw:commentRss>
		<slash:comments>16</slash:comments>
	
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		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2009/04/calgary_absorption_rate_correlation.png?w=300" medium="image">
			<media:title type="html">Calgary Absorption Rate Correlation</media:title>
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		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2009/04/calgary_resale_house_price_model.png?w=300" medium="image">
			<media:title type="html">Calgary Resale House Price Model</media:title>
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		<title>Worth A Read – TD Report on “Demand-Driven” Alberta Overhang</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/04/07/worth-a-read-td-report-on-demand-driven-alberta-overhang/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/04/07/worth-a-read-td-report-on-demand-driven-alberta-overhang/#comments</comments>
		<pubDate>Wed, 08 Apr 2009 02:26:25 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[economics report]]></category>
		<category><![CDATA[TD]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=438</guid>
		
			<content:encoded><![CDATA[This report is from TD economics.  Below is an excerpt specific to Alberta, with a link to the full report at the end of the post: &#8220;Wild Rose country was overbuilt substantially during its boom...<br/>
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		<slash:comments>8</slash:comments>
	
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		<title>Improving Affordability Trends in Calgary</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/03/29/improving-affordability-trends-in-calgary/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/03/29/improving-affordability-trends-in-calgary/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 05:10:41 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[carrying costs]]></category>
		<category><![CDATA[valuation models]]></category>
		<category><![CDATA[affordability]]></category>
		<category><![CDATA[household income]]></category>
		<category><![CDATA[interest rates]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=431</guid>
		
			<content:encoded><![CDATA[Calgary housing affordability is now better than long term averages.  This is due to three reasons: growth in household income falling interest rates and a correction in the housing market. The...<br/>
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		<slash:comments>13</slash:comments>
	
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			<media:title type="html">Improving Affordability Trends In Calgary</media:title>
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		<title>Calgary Econometric Rent Model</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/03/26/calgary-econometric-rent-model/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/03/26/calgary-econometric-rent-model/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 06:25:54 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[econometric model]]></category>
		<category><![CDATA[rent]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=422</guid>
		
			<content:encoded><![CDATA[There are really three separate, but linked, real estate markets: the resale market, the new construction market  and the rental market.  The following graph shows the historic relationship...<br/>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">Calgary Econometric Rent Model</media:title>
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		<title>Calgary Real Estate Historical Yields</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/03/25/calgary-real-estate-historical-yields/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/03/25/calgary-real-estate-historical-yields/#comments</comments>
		<pubDate>Thu, 26 Mar 2009 04:46:15 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[rental yields]]></category>
		<category><![CDATA[risk spreads]]></category>
		<category><![CDATA[valuation models]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[yield spreads]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=411</guid>
		
			<content:encoded><![CDATA[One way of evaluating assets is to compare them to a safe investment.  Arguably, the safest investment in Canada is Government of Canada bonds.  The biggest risk with holding a bond, is that it is...<br/>
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		<slash:comments>6</slash:comments>
	
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			<media:title type="html">Calgary Historical Yield Spreads</media:title>
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		<title>Inventory Zenith</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/03/03/inventory-zenith/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/03/03/inventory-zenith/#comments</comments>
		<pubDate>Tue, 03 Mar 2009 07:18:27 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[US real estate]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=388</guid>
		
			<content:encoded><![CDATA[As discussed in a previous post, leading indicators at that time had pointed to the balance of inventory tipping towards excess demand in the near term.  That has now happened, and year over year...<br/>
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		<slash:comments>9</slash:comments>
	
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			<media:title type="html">Inventory Zenith</media:title>
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		<title>Random Thoughts on Oil and Multiple Equilibria Supply/Demand Points</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/02/23/random-thoughts-on-oil/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/02/23/random-thoughts-on-oil/#comments</comments>
		<pubDate>Tue, 24 Feb 2009 06:03:22 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[supply and demand]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=377</guid>
		
			<content:encoded><![CDATA[Oil prices have tumbled dramatically from $147.27 on July 11, 2008 to $38.00 on February 23, 2009.  Many experts have weighed in that oil prices were a speculative bubble.  The rationale for higher...<br/>
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		<slash:comments>8</slash:comments>
	
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		<title>An Open Letter to Diane Colley-Urquhart</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/02/15/an-open-letter-to-diane-colley-urquhart/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/02/15/an-open-letter-to-diane-colley-urquhart/#comments</comments>
		<pubDate>Sun, 15 Feb 2009 18:51:19 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Diane Colley-Urquhart]]></category>
		<category><![CDATA[NAMBI]]></category>
		<category><![CDATA[NIMBY]]></category>
		<category><![CDATA[public policy]]></category>
		<category><![CDATA[urban sprawl]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=351</guid>
		
			<content:encoded><![CDATA[On September 9, 2008, Calgary city council debated and approved $25 million in funding to be allotted for two pedestrian bridges in downtown Calgary.  This issue was revisited on January 12, 2009,...<br/>
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		<slash:comments>5</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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		<title>Trendsetter or Trendfollower?</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/02/03/trendsetter-or-trendfollower/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/02/03/trendsetter-or-trendfollower/#comments</comments>
		<pubDate>Wed, 04 Feb 2009 05:38:15 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[stock market]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[volatility]]></category>
		<category><![CDATA[bear markets]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[technical trading]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=316</guid>
		
			<content:encoded><![CDATA[The following analysis was performed to backtest the S&#38;P 500 against two investment strategies.  A common belief is that the 50 day moving average (SMA) is indicative of a resistance level or...<br/>
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		<slash:comments>4</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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			<media:title type="html">Trendsetter or Trendfollower?</media:title>
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		<title>Dichotomous Marketplaces – Calgary Trends in Construction for SFH diverge from Resale Market</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/01/08/dichotomous-marketplaces-calgary-trends-in-construction-for-sfh-diverge-from-resale-market/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/01/08/dichotomous-marketplaces-calgary-trends-in-construction-for-sfh-diverge-from-resale-market/#comments</comments>
		<pubDate>Fri, 09 Jan 2009 05:47:08 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[construction]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=303</guid>
		
			<content:encoded><![CDATA[The new home construction market has shifted in comparison to the resale market.  The new house price index for Calgary continued to rise into 2008 as compared to the resale market which peaked in...<br/>
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		<slash:comments>12</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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			<media:title type="html">Dichotomous Marketplaces</media:title>
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		<title>Glut Today, Excess Demand Tomorrow</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2009/01/03/glut-today-excess-demand-tomorrow/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2009/01/03/glut-today-excess-demand-tomorrow/#comments</comments>
		<pubDate>Sat, 03 Jan 2009 08:13:31 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[inventory]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=278</guid>
		
			<content:encoded><![CDATA[A review of inventory trends and prices is useful for helping to understand what the future price trend will be for the Calgary market.  From the following graph, some conclusions can be made:...<br/>
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		<slash:comments>20</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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			<media:title type="html">Glut Today, Excess Demand Tomorrow</media:title>
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		<title>The Price is Not Right… (But Not by Much)</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/12/22/the-price-is-not-right-but-not-by-much/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/12/22/the-price-is-not-right-but-not-by-much/#comments</comments>
		<pubDate>Tue, 23 Dec 2008 05:30:19 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[supply]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=257</guid>
		
			<content:encoded><![CDATA[In 2005 and 2006 supply was much less than demand and house prices rose.  A ratio of 50% sales to new listings ratio has historically kept prices in balance.  House prices overshot the supply/demand...<br/>
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		<slash:comments>15</slash:comments>
	
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			<media:title type="html">The Price is Not Right... (But Not By Much)</media:title>
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		<title>The 2008 Stock Market Crash – Irrational Despondence?</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/10/09/the-2008-stock-market-crash-irrational-despondence/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/10/09/the-2008-stock-market-crash-irrational-despondence/#comments</comments>
		<pubDate>Fri, 10 Oct 2008 06:36:37 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[geometric series]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[long term trends]]></category>
		<category><![CDATA[stock market crash]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=249</guid>
		
			<content:encoded><![CDATA[Since the S&#38;P 500 peaked in 2007, the stock market has plummeted a whopping 42% from the peak.  The dot-com bubble deflated over several years, whereas the United States housing bubble has...<br/>
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		<slash:comments>11</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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			<media:title type="html">The 2008 Stock Market Crash - Irrational Despondence?</media:title>
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		<title>Futures Market Predicting Troubled Assets Relief Act Passed Quickly</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/09/24/futures-market-predicting-troubled-assets-relief-act-passed-quickly/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/09/24/futures-market-predicting-troubled-assets-relief-act-passed-quickly/#comments</comments>
		<pubDate>Thu, 25 Sep 2008 04:07:01 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[futures market]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=242</guid>
		
			<content:encoded><![CDATA[The Intrade futures market is currently predicting that there is 73% chance of approval for $700 billion US government bailout (Troubled Assets Relief Act) being approved before the end of the...<br/>
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		<slash:comments>10</slash:comments>
	
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			<media:title type="html">Futures Market Predicting Troubled Assets Relief Act Passed Quickly</media:title>
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		<title>Calgary Misery Index – A Reason For Optimism in The Housing Market</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/09/23/calgary-misery-index-a-reason-for-optimism-in-the-housing-market/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/09/23/calgary-misery-index-a-reason-for-optimism-in-the-housing-market/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 03:30:27 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[misery index]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=226</guid>
		
			<content:encoded><![CDATA[The misery index is a commonly used as a metric for stagflation.  Stagflation is a combination of high unemployment and high inflation.  High inflation and low unemployment rates created sharply...<br/>
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		<slash:comments>11</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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			<media:title type="html">Calgary Misery Index - A Reason For Optimism in The Housing Market</media:title>
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		<title>“For a Mature Audience Only” – Benjamin Tal on the U.S. and Canadian Housing Market</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/30/for-a-mature-audience-only-benjamin-tal-on-the-us-and-canadian-housing-market/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/30/for-a-mature-audience-only-benjamin-tal-on-the-us-and-canadian-housing-market/#comments</comments>
		<pubDate>Sat, 30 Aug 2008 19:00:57 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[Benjamin Tal]]></category>
		<category><![CDATA[CIBC world markets]]></category>
		<category><![CDATA[economist]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=221</guid>
		
			<content:encoded><![CDATA[<br/>
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		<slash:comments>9</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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		<title>Real Estate Economics and Budgeting</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/28/real-estate-economics-and-budgeting/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/28/real-estate-economics-and-budgeting/#comments</comments>
		<pubDate>Fri, 29 Aug 2008 00:59:11 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[valuation models]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[investing]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=203</guid>
		
			<content:encoded><![CDATA[I think having a budget that you are comfortable with is critical to any investment strategy.  By laying out the cash flows, and expected asset values you can get a feel for various economic...<br/>
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		<slash:comments>4</slash:comments>
	
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		<title>The Long View</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/25/the-long-view/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/25/the-long-view/#comments</comments>
		<pubDate>Tue, 26 Aug 2008 03:47:24 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[appreciation]]></category>
		<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[housing cycle]]></category>
		<category><![CDATA[inflation]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=194</guid>
		
			<content:encoded><![CDATA[The following graph shows the average house prices from 1973 to current.  For most of the graphs on this blog it has shown Calgary real estate from an inflation adjusted perspective.  If one was to...<br/>
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		<slash:comments>13</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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		<title>A Tale of Two Markets</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/23/a-tale-of-two-markets/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/23/a-tale-of-two-markets/#comments</comments>
		<pubDate>Sat, 23 Aug 2008 11:31:11 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[inventory overhang]]></category>
		<category><![CDATA[MFH]]></category>
		<category><![CDATA[overbuilding]]></category>
		<category><![CDATA[SFH]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=181</guid>
		
			<content:encoded><![CDATA[A split has occurred in regards to the single family home and multi family home construction environment.  The following article address the differences in supply-side characteristics for each...<br/>
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		<slash:comments>3</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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		<title>Ye Olde Real Estate Vintage</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/19/ye-olde-real-estate-vintage/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/19/ye-olde-real-estate-vintage/#comments</comments>
		<pubDate>Tue, 19 Aug 2008 07:20:48 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[Vintaging]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=158</guid>
		
			<content:encoded><![CDATA[Bob Truman, at First Place Realty, is one of the sole providers of real estate information and statistics in Calgary besides the CREB.  I use a lot of Bob&#8217;s data in my graphs, so he deserves a...<br/>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">radley77</media:title>
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		<title>Greenomics and the Value of Living Close to Work</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/17/greenomics-and-the-value-of-living-close-to-work/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/17/greenomics-and-the-value-of-living-close-to-work/#comments</comments>
		<pubDate>Sun, 17 Aug 2008 10:07:25 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[commute]]></category>
		<category><![CDATA[carbon footprint]]></category>
		<category><![CDATA[gentrification]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=144</guid>
		
			<content:encoded><![CDATA[I perceive a lot of value in living in downtown Calgary.  I love the quick access to Flames games at the Saddledome, downtown nightlife, shopping on 17th Avenue, and jogging along the river...<br/>
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		<slash:comments>8</slash:comments>
	
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		<title>Things that go BOOM!</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/08/09/things-that-go-boom/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/08/09/things-that-go-boom/#comments</comments>
		<pubDate>Sat, 09 Aug 2008 07:45:17 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[energy]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=136</guid>
		
			<content:encoded><![CDATA[The S&#38;P/TSX Capped Energy Index is formed primarily of companies that have headquarters in Calgary.  Since 2001, the index has quadrupled creating wealth on a massive scale.  The boom in...<br/>
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		<slash:comments>7</slash:comments>
	
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		<title>Volatility in Housing Markets (Part 2 of 2)</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/07/27/volatility-in-housing-markets-part-2-of-2/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/07/27/volatility-in-housing-markets-part-2-of-2/#comments</comments>
		<pubDate>Mon, 28 Jul 2008 04:06:39 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=131</guid>
		
			<content:encoded><![CDATA[This is a follow-up to my previous post about volatility in the housing market.  For those that are looking to buy or sell a house, you may want to research what the worst and best annual scenario...<br/>
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		<slash:comments>15</slash:comments>
	
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		<title>Volatility in Housing Markets (Part 1 of 2)</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/07/20/volatility-in-housing-markets-part-1-of-2/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/07/20/volatility-in-housing-markets-part-1-of-2/#comments</comments>
		<pubDate>Sun, 20 Jul 2008 15:37:04 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[volatility]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=103</guid>
		
			<content:encoded><![CDATA[In general, housing prices have a low volatility compared to other asset classes.  This is due to the underlying fundamental value (rents) being a relatively stable cash flow.  This compares against...<br/>
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		<slash:comments>5</slash:comments>
	
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		<title>Click, Whirr – Betting the Shortcut</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/07/15/click-whirr-betting-the-shortcut/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/07/15/click-whirr-betting-the-shortcut/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 08:08:43 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[market behaviour]]></category>
		<category><![CDATA[Alberta REIN]]></category>
		<category><![CDATA[bank run]]></category>
		<category><![CDATA[crowd psychology]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=98</guid>
		
			<content:encoded><![CDATA[The failure in the US housing market was not a black swan as some have described it, but an error in understanding and managing collective risks. Some of the psychological phenomena that may have...<br/>
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		<slash:comments>7</slash:comments>
	
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		<title>Calgary Real Estate Price Elasticity of Supply</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/06/16/calgary-real-estate-price-elasticity-of-supply/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/06/16/calgary-real-estate-price-elasticity-of-supply/#comments</comments>
		<pubDate>Tue, 17 Jun 2008 04:50:40 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=94</guid>
		
			<content:encoded><![CDATA[The supply of residential construction in Calgary has been tightly correlated with house prices over the past 30+ years.  High house prices lead to high levels of residential construction as...<br/>
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		<slash:comments>10</slash:comments>
	
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		<title>Condo Crazy</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/06/02/condo-crazy/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/06/02/condo-crazy/#comments</comments>
		<pubDate>Tue, 03 Jun 2008 04:33:17 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[condos]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[Adora]]></category>
		<category><![CDATA[Akoya]]></category>
		<category><![CDATA[Alberta Boots]]></category>
		<category><![CDATA[Arriva]]></category>
		<category><![CDATA[Assured on 14th]]></category>
		<category><![CDATA[Astoria]]></category>
		<category><![CDATA[Aura]]></category>
		<category><![CDATA[Bluffs]]></category>
		<category><![CDATA[Castello]]></category>
		<category><![CDATA[Centuria on the Park]]></category>
		<category><![CDATA[City Centre]]></category>
		<category><![CDATA[Colours]]></category>
		<category><![CDATA[Concord Pacific Calgary]]></category>
		<category><![CDATA[CPA Lands II]]></category>
		<category><![CDATA[Cristal]]></category>
		<category><![CDATA[Destiny]]></category>
		<category><![CDATA[Douglas Glen Condo Village]]></category>
		<category><![CDATA[Eau Claire]]></category>
		<category><![CDATA[Eden]]></category>
		<category><![CDATA[Encore]]></category>
		<category><![CDATA[Exchange]]></category>
		<category><![CDATA[Five West]]></category>
		<category><![CDATA[Gateway Beltline]]></category>
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		<category><![CDATA[Marda Loop Mixed Use]]></category>
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		<category><![CDATA[Union Square]]></category>
		<category><![CDATA[Varsity Landing]]></category>
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		<category><![CDATA[WAM Chinook]]></category>
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		<category><![CDATA[Xenex]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=88</guid>
		
			<content:encoded><![CDATA[There are massive levels of new construction about to hit the condo market. There are a record 3,000+ condo units for sale in the resale market. This is relatively small in comparison to the whopping...<br/>
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		<slash:comments>15</slash:comments>
	
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		<title>Calgary Housing Market Looking Gluttonous – Fight That Flab!</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/05/31/calgary-housing-market-looking-gluttonous-fight-that-flab/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/05/31/calgary-housing-market-looking-gluttonous-fight-that-flab/#comments</comments>
		<pubDate>Sat, 31 May 2008 08:48:56 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[residential construction]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=74</guid>
		
			<content:encoded><![CDATA[A comparison of units under construction in Calgary against population growth can help identify if there is too much residential real estate being developed. The following graph yields some...<br/>
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		<slash:comments>9</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2008/05/calgary_housing_market_looking_gluttonous_-_fight_that_flab_smaller.png" medium="image">
			<media:title type="html">Calgary Housing Market Looking Gluttonous - Fight That Flab!</media:title>
		</media:content>
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		<item>
		<title>Credit Junky Nightmare – Credit Cycles Effect on Housing Market (Part 3 of 3)</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/05/15/credit-junky-nightmare-credit-cycles-effect-on-housing-market-part-3-of-3/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/05/15/credit-junky-nightmare-credit-cycles-effect-on-housing-market-part-3-of-3/#comments</comments>
		<pubDate>Fri, 16 May 2008 05:19:50 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[mortgage arrears]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=71</guid>
		
			<content:encoded><![CDATA[The cyclical average for mortgage arrears in Alberta has been about 0.4%. As affordability in Alberta is the poorest since the previous real estate peak in 1990, one would expect mortgage arrears to...<br/>
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		<slash:comments>11</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2008/05/alberta_mortgage_arrears_on_the_rise_small.png" medium="image">
			<media:title type="html">Alberta Mortgage Arrears on the Rise</media:title>
		</media:content>
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		<item>
		<title>Credit Junky Nightmare – Credit Cycles Effect on Housing Market (Part 2 of 3)</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/05/14/credit-junky-nightmare-credit-cycles-effect-on-housing-market-part-2-of-3/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/05/14/credit-junky-nightmare-credit-cycles-effect-on-housing-market-part-2-of-3/#comments</comments>
		<pubDate>Thu, 15 May 2008 04:02:55 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[credit markets]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=70</guid>
		
			<content:encoded><![CDATA[Changing credit conditions impacts the demand for real estate.  If credit lending practices are loosened, it allows new participants to purchase real estate.  The increased demand for real...<br/>
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		<slash:comments>5</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>
	</item>
		<item>
		<title>Credit Junky Nightmare – Credit Cycles Effect on Housing Market (Part 1 of 3)</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/03/25/credit-junky-nightmare-credit-cycles-effect-on-housing-market-part-1-of-3/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/03/25/credit-junky-nightmare-credit-cycles-effect-on-housing-market-part-1-of-3/#comments</comments>
		<pubDate>Wed, 26 Mar 2008 05:55:15 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[risk spreads]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[credit cycle]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=60</guid>
		
			<content:encoded><![CDATA[When house prices are increasing, if a homeowner&#8217;s mortgage is delinquent they have the option to sell and preserve their credit rating.  However, in a falling real estate market, the homeowner...<br/>
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		<slash:comments>15</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2008/03/creditcycle_upwardspiral.png" medium="image">
			<media:title type="html">Credit Cycle - Upward Spiral</media:title>
		</media:content>

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			<media:title type="html">Credit Cycle - Downward Spiral</media:title>
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		<title>Game Over for First Time Home Buyer?</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/03/18/game-over-for-first-time-home-buyer/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/03/18/game-over-for-first-time-home-buyer/#comments</comments>
		<pubDate>Wed, 19 Mar 2008 06:28:00 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[inventory]]></category>
		<category><![CDATA[sales]]></category>
		<category><![CDATA[supply]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=55</guid>
		
			<content:encoded><![CDATA[Single family home sales have dropped off dramatically in Calgary year over year.  Therefore, it&#8217;s difficult to determine if averages and medians are representative of the direction of the...<br/>
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		<slash:comments>20</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2008/03/change_in_calgary_sfh_sales_mix_small.png" medium="image">
			<media:title type="html">Change in Calgary SFH Sales Mix</media:title>
		</media:content>
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		<title>ArriVa – No One Home?</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/03/12/arriva-no-one-home/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/03/12/arriva-no-one-home/#comments</comments>
		<pubDate>Thu, 13 Mar 2008 05:40:50 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[condos]]></category>
		<category><![CDATA[Arriva]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=52</guid>
		
			<content:encoded><![CDATA[ArriVa is one of the most recent condo&#8217;s that have finished construction in downtown Calgary.  Construction has finished a couple of months ago and there are currently 22 units in the building...<br/>
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</div>]]></content:encoded>
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		<slash:comments>23</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

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			<media:title type="html">Arriva - No One Home?</media:title>
		</media:content>
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		<title>Calgary’s Official Bird the Tower Crane Returns – Highly Cyclical Migration Pattern</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/03/10/calgarys-official-bird-the-tower-crane-returns-highly-cyclical-migration-pattern/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/03/10/calgarys-official-bird-the-tower-crane-returns-highly-cyclical-migration-pattern/#comments</comments>
		<pubDate>Tue, 11 Mar 2008 05:34:56 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[boom]]></category>
		<category><![CDATA[bust]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[construction]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=49</guid>
		
			<content:encoded><![CDATA[The amount of commercial real estate being developed in Calgary has not been witnessed since the 70&#8242;s and early 80&#8242;s.  There are currently several mega-projects being built including the...<br/>
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		<slash:comments>6</slash:comments>
	
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			<media:title type="html">radley77</media:title>
		</media:content>

		<media:content url="http://calgaryrealestatemarketblog.files.wordpress.com/2008/03/calgary_official_bird_the_tower_crane_returns_small.png" medium="image">
			<media:title type="html">Calgary’s Official Bird the Tower Crane Returns</media:title>
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		<item>
		<title>A Comparison of Calgary House Prices to the US Real Estate Market</title>
		<link>http://calgaryrealestatemarketblog.wordpress.com/2008/02/27/a-comparison-of-calgary-house-prices-to-the-us-real-estate-market/</link>
		<comments>http://calgaryrealestatemarketblog.wordpress.com/2008/02/27/a-comparison-of-calgary-house-prices-to-the-us-real-estate-market/#comments</comments>
		<pubDate>Thu, 28 Feb 2008 05:40:00 +0000</pubDate>
		<dc:creator>DustinRJay</dc:creator>
				<category><![CDATA[Calgary real estate]]></category>
		<category><![CDATA[US real estate]]></category>
		<category><![CDATA[Calgary real estate market]]></category>
		<category><![CDATA[US real estate market]]></category>

		<guid isPermaLink="false">http://calgaryrealestatemarketblog.wordpress.com/?p=48</guid>
		
			<content:encoded><![CDATA[A couple of conclusions can be reached by examining Calgary real estate prices to the US real estate market: The Calgary real estate boom occurred 1 to 2 years after the US boom Calgary house prices...<br/>
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