Yeah, I don't see Calgary being a top destination for foregin immigration if no one is hiring...
People being laid off now aren't being forced to foreclose but in 4-5 months when savings and severance starts to run out they just might.
Immediate term, there might not be downward pressure but if sub sixty dollar oil is here long term, like it might be, I'm sure I'd regret spending 250 Grand on a 2 bed 2 bath condo in the suburbs.
Either way, I think I'll hold off until something gives. Oil bounces back or prices fall.
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