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Originally Posted by Claeren
Baby Boomers are passing their peak earnings, they will start saving and rationing far faster than the generation behind them can ramp up spending. With more supply of homes (as they die, down size, sell second, third, forth properties, etc) and less demand lonf term prices have to fall regardless of what it costs to build a new home.
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I'm still trying to grasp your baby boomer argument and the collapsing Canadian economy.
All economic forecasts I've read seem to think Canada's economy will grow, GDP will rise and population will increase.
Calgary and Alberta in general seem to have even more favorable forecasts than the rest of the country.
Is this just your personal theory? or do you have economic sources to substantiate this upcoming doom?
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I am sure there are plenty of people in Japan who thought 20 years ago there was no way you could build an apartment for the cost they do today...
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Japans housing issues seem to be part of much larger economic issues they've had. Decreasing population, no immigration, lowered GDP etc.
Since you're expecting Canada to follow Japan, are you expecting all of these things to happen in Canada as well?