Quote:
Originally Posted by Claeren
Most interesting will be when baby boomers all start trying to 'cash in' their retirement savings (almost all of which is home equity) in the same 10-20 year period. It will not collapse the market, but I am guessing it will likely keep taking the steam out of any potential near-future bubble (leading to long term flat pricing, and therefore renting being clearly the better option).
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I think this will be a huge factor in the Calgary market. It could be considered a good thing that deflated investments have put back many people's retirement by a few years, I suppose. I worry for young folks who bought their first home at inflated prices, it could be a pretty crappy situation.
Are things moving reasonably quickly these days? We sold our properties in Calgary about a year ago, it was quite slow at the time. We did ok on one, but the other we had to take less than we really wanted to.