So as a follow up to the article about BMW’s becoming boring in August’s Newsletter (read the Newsletter here, August’s Newsletter), here are some vehicle updates from Tuesday August 19th.
I was shut out on Ferrari’s, Lamborghini’s and Maseratti’s yesterday, but I did see the following as I drove around,
3 Mercedes Convertibles
4 BMW Convertibles
3 Corvette Convertibles
Did anyone else see any expensive vehicles driving around to help support my point that there is plenty of money around Calgary and our economy is still vibrant? Indicators like disposable income are showing that the Alberta and Calgary Real Estate market still has plenty of legs and future growth potential. As a Real Estate investor this long term information is far more important than the short term newsmaking headlines.
If you haven’t read the article that started this topic yet, hurry and go read it here, August Newsletter, and help take part in this social experiment!
Living in the Lower Mainland in BC, I don’t see as many higher end vehicles as you do in Calgary. But your inventory makes sense. As I was driving into Calgary in early July, I could see that Calgary has more prosperity as evidenced in the types of businesses and quality of shopping stores. This confirmed what the stats say, that Albertans have the highest disposable income in Canada.
Good on ya Calgary!
Ok, I spent Wednesday taking care of mortgage renewals and other fun paperwork, so I didn’t get to go car watching. Today however I had to stop at several properties which involved driving around quite a bit.
The weather was fine when I left and during my trip I was able to spot both a Lamborghini and a Ferrari today. In the first 30 minutes of driving around! Of course shortly after it started raining which affected my odds of seeing more high end vehicles, but we know they are out there!
Any other observations from the quiet masses out there?