This is a quick one this week.  As we discussed a couple of weeks ago, I noted that we have experienced a great deal of increased purchasing and optimism from our investor clients, especially in the Calgary area.  This morning RBC released their August Canada wide housing affordability report and it looks like the investors are on the mark. http://www.rbc.com/economics/market/pdf/house.pdf .

The report on page five notes the housing affordability in Calgary is the best it has been in over 6 years and is back in the mid to high 30% range as a measure of purchaser’s income versus their housing cost.  This is awsome news and information to share with your purchasing clients and also bodes very well for excellent market growth and increased business for our industries.  Reading between the lines, this information coupled with the continued Alberta economic growth could foreshadow an extremely promising 2012 and 2013 for the Calgary real estate market