After the first half of the year, the economic climate in Alberta appears to be shifting from recession to recovery, with oil prices improving from monthly lows of $30 US per barrel last year to an expected average of $49 this year. While the shift is a welcome change, the pace of recovery is expected to be slow, as economic conditions are supporting stability rather than expansion. Click HERE for the full report from the Calgary Real Estate Board. Please do not hesitate to contact Doug, Susan or Kristen with any questions or if you would like an up to date evaluation of your home. We love what we do – serving Calgary for 40 years! www.penleymcnaughton.com
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