Quote:
Originally Posted by burn_this_city
You sell condo units. You're definitely an impartial source.
|
I'm not an impartial source, but I'm a qualified source, and am warning him against strong opinions on both sides of the coin anyway. I'm not screaming buy buy buy!!!
I'd advise him against following anyone with a know it all opinion on either side of the coin. Truth is, no one knows for sure, and it's just differing opinions at the end of the day. Neither of us have the answer to these million dollar questions, and we shouldn't act like we do.
All I'm saying, is look at the facts, your own personal situation and do what works best for you.
Quote:
|
Heres an article in todays Herald stating a 12% decline since last year.
|
Does that mean it will drop another 12% this year, who knows?? Here's an article in BC saying the bottom may be here.
BC Real Estate Bounces Back
Yes, Calgary is different than BC, but the current economic constraints are similar. I do think Calgary is in worse shape then Van though, and it will take a little longer to bounce back.
Quote:
|
Just curious whats going to drive the prices higher or stablize things in the current economy??
|
I never said prices would drive up, so not sure how to answer this. I think there's a little room to go down, but not significantly, and I think interest rates will go up, so it's a decent time to buy a home.