Alberta MLS sales price to dip in 2009-2010 or will they ?

According to a recently published forecast by (CREA) Canadian Real Estate Association, Alberta is forecasted to fall by 8.8% and another 1.1% in 2010. The association said the average price in Alberta will dip to $321,900 from the recorded $352,857 in 2008. How accurate are they ? good question..... predicting the future right now is like predicting the end of the world... Im not sure i believe what they say according to the word on the street and what is actually happening. Calgary currently is leveling off and has a median price of $ 383,000 and avg sale price of $ 431,962. Im sorry but you cannot clump the whole province into one study , Edmonton is much different than Calgary. Calgary has always followed its own path and rebound the first despite what toronto says ! Its about time for the new to share with the public the real truth and not just what sells the papers. I think people have heard the fair share of bad news, lets report the poss info and boost the economy a little. mortgages are on backlog catching up with buyers, in fact there is now a (10-15 day) hold on transfers and ( 3-4 day) wait for approval. That means people are buying and taking advantage of the great pricing and amazing rates. Keep it up Calgary let prove yet again to the "Toronto" papers they are wrong and haven't a clue on our local economy.

have a great long week-end and keep safe

cheers