A report from Scotiabank yesterday states that "Canada's housing market is showing signs of getting out of its winter hibernation. While average house prices were down almost eight per cent year-over-year, they showed signs of steadying in February and March. Average home prices in early 2009 are running about 6% below last year's levels, while sales volumes are down 16 per cent. This is better performance than our forecast for a 10 per cent decline in average prices this year".

These statistics couldn't be reflected any more clearly in the Lethbridge real estate market. In the past two weeks we seen an incredible surge in the number sales of properties in Lethbridge. On a number of occassions this past week I have competed against other agents for the same property.

Lethbridge home buyers are feeling far more relaxed about their investments than they were even two weeks ago as well. It's unbelievable the amount of optimism Lethbridge home buyers have and it's being reflected in the full price offers they make and the number of properties that are being snapped up that sat empty for weeks or months prior to this resurgance.

Are we over the dip in this so called recession? Well, that's hard to say. There are a lof of other factors at play and that information can only be known for certain in hindsight. However, if my gut knows anything about Lethbridge real estate, it's telling me that things are going to be just fine and that the worst of "it" is over, whatever "it" was...

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