Quote:
Originally Posted by Slava
Seems to me that there is a lot more cheering and hoping for a crash here in this thread(which is sad considering the number of people that will be hurt by this) as opposed to actual evidence?
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I think people wouldn't mind seeing a bit of a crash because they think housing prices in Calgary (and by extension Edmonton and Saskatchewan) are out of whack with common sense, and would like them to come back to more sane levels so they can buy in.
I've considered moving back to Calgary a few times to be closer to family, and every time I look at the housing market, the math doesn't make sense to me. It's a mid-sized city with mid-sized amenities, yet demands big-city housing prices. It's hard to get excited about it when you compare to what else is out there for the money. Obviously there are other things to consider in a city than price, but to a lot of people, myself included, Calgary doesn't seem like the biggest value out there anymore. I like the city, but paying 400k for some crappy bungalow that needs a total renovation? No thanks.