Quote:
Originally Posted by ExiledFlamesFan
It'll be interesting to see where the Calgary real estate markets heads following the glut of oil thanks to the US-Saudi Arabia price war. The excess supply has already pushed down the price more than $20/barrel in the past 6 months. This downward trend will eventually take a toll on the bottom lines of the energy companies.
I'll be in the market for real estate in Calgary in the next 6-8 months and I'm hoping for a drop in prices.
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My guess (and this is a complete guess) is that they remain steady for the next little while or the price increases continue, but at a slower pace. I can't see prices going down and if they do they'll bounce right back.