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Originally Posted by lorenavedon
would be nice to know how much demand is people looking for a home to live in vs investors looking for #### to do with their extra cash. People will always need a place to live in good times and in bad, but the huge demand from investors can dry up in an instant if the economy turns even slightly. That's the big risk. Lots of stuff being brought up, especially in the condo market, is probably a huge portion investors. Not to mention that if the economy turns, those investors will no longer be buyers but they might turn into panic sellers as well. While true home owners won't panic to sell as they still need a place to live, investors might panic sell to create some liquid cash to pay leveraged debt. This is why volatility is so scary. Insane price rises during a boom and fast crashes during a bust. I don't think Calgary will ever have a long term balanced market.
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Agreed, investments are driving this market a lot. Seems that everyone that is buying is keeping their old house to rent out. Leveraged to the ears.
As far as soft landing? No such thing as soft landing in RE. Especially in our conditions (debt debt and more debt). But then again, who knows, this may go on for another decade and by then inflation will wipe the debts off.