Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Tumbling home values boost mortgage defaults in Calgary

Red · 02-13-2009, 04:38 PM

Interesting developments. Getting quite bad in calgary. In fact, I think the price drops are being underplayed.
When you look at the listings you can see where some houses are not selling even with a 25% lower price over the peak. That's almost 100K on an average home.

Dug up an old thread on this, anyone want a mulligan?

Old thread

02-13-2009, 04:38 PM	#33
Red Lifetime Suspension Join Date: Oct 2001 Exp:	Interesting developments. Getting quite bad in calgary. In fact, I think the price drops are being underplayed. When you look at the listings you can see where some houses are not selling even with a 25% lower price over the peak. That's almost 100K on an average home. Dug up an old thread on this, anyone want a mulligan? Old thread