[I-Hate-Hulse]

Originally Posted by Realtor 1

those much more in tune with the situation, how do you argue this?



http://calgaryherald.com/opinion/col...by-this-summer

Complete pie in the sky thoughts. Think about this practically

- There are plenty of layoffs in Calgary. Those people aren't buying houses.

- Everyone's options or RSU's are under water. Many people use that money for large ticket purchases as they live off salary.

- Bonuses are pooched. See comment on options.

- Housing supply will increase as people net migrate out of Calgary this year. That and foreclosures will increase.

10-20% off of the 2014 highs would be my guess.