Latest AB land auction

[Hamloc]

Here is the question, if you were buying land today would you take a variable interest rate believing that interest rates in the next year will have to come back down as North American economies enter a recession or would you lock your interest rate in expecting there to be higher interest rates yet? Timing could certainly influence the answer. 2 to 3 months from now interest rates are expected to be higher than today, where they will be a year from now is anybody’s guess but the 5-6% or higher interest rates of today are much different than a year ago.

[makar]

So, was the bare quarter too expensive, or the home quarter too cheap?

Both.

[oldjim]

Given that the half is only about 4 or 5 miles from Camrose and fronts the highway I would have expected it to bring a bit more than it did.

[Old Cowzilla]

Enjoy the drive through there pretty nice country but things always look greener on other side of fence.