Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - House Appraisal before mortgage gets insured

White Doors · 06-21-2006, 07:28 AM

I don't see the housing market going any way but up for the next 10 years at least.
1) There is a shortage of labour to build new houses.
2) Oil is going to hang around present levels. There will not be a price plunge on oil, barriing some miraculous breakthrough in hybrid technology or something like that.
3) Calgary has been under-priced for years and years.
4) Downtown office space is at a 0.2% vacancy rate. That is crazy low and is the lowest in North America in fact. Second only to Tokyo worldwide. Calgary is booming baby and it's going to continue for some time. Have a look at the construction projects on the go in this city - it really is quite amazing. Boomtown.

06-21-2006, 07:28 AM	#27
White Doors Lifetime Suspension Join Date: Mar 2006 Exp:	I don't see the housing market going any way but up for the next 10 years at least. 1) There is a shortage of labour to build new houses. 2) Oil is going to hang around present levels. There will not be a price plunge on oil, barriing some miraculous breakthrough in hybrid technology or something like that. 3) Calgary has been under-priced for years and years. 4) Downtown office space is at a 0.2% vacancy rate. That is crazy low and is the lowest in North America in fact. Second only to Tokyo worldwide. Calgary is booming baby and it's going to continue for some time. Have a look at the construction projects on the go in this city - it really is quite amazing. Boomtown.