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Originally Posted by Tron_fdc
Yeah, a good rental company might be a good option. I've done it myself the last year or so, and it's a major pain in the ass if you get bad tenants.
The Canadian housing market is pretty interesting to me. It seems that there are gains to be made in Saskatchewan, Manitoba and the Eastern provinces, but BC and Alberta definitely seem to be falling. One could come to a number of conclusions on that.....maybe the market was overpriced out West and underpriced out east, and the market is correcting itself. Or maybe there were too many speculators out here, and now they've all moved east. It's really quite fascinating.
Whatever the case, the housing crisis in Canada as a whole doesn't seem to be affected by the US crisis, which is strange to me because in the past wherever the US market goes so do we.
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Housing in Saskatoon now is on the downside as well. I don't know the reason behind the rise on the east coast. Some people wanna talk about employment and sustainability, it's only a matter of time before the price exceeds the afordability out there, and people are looking for jobs in alberta.
The east coast is definatly booming now, but most of it is based much like calgary and alberta was, construction. Once the construction slows out there because of affordability, and the construction people look for work again, the market will soften again. The oil and gas hype is more media hype out there too. Calgary has all the supporting jobs for the industry out there too, so NF is basically the same as fort st john or edson or any other community where physical labour gets done.