Quote:
Originally Posted by pepper24
Ouch for BC.
I have no plans of selling my home here in Calgary for at least 5-10 years so I am not worried about short term real estate but good to see a healthy inventory range though I don't think the damage is fully done yet.
I do have plans though to buy some recreational property in the short term in BC so good news there. It'll take a while to correct those inventory numbers.
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I don't think the damage is even close to being done. From what I see and hear a lot of people are waiting until the spring to list, or re-list their properties that they could not sell this past fall. Problem is, there is already a pretty large inventory and its only going to grow in the spring, and that will likely force prices down even further. Could get messy for some.