Quote:
Originally Posted by Johnny199r
It would be nice to see a sustained period of lower oil prices for those thinking about buying a house (me) in Alberta. It may not result in a 2007-2008 type decline in real estate prices, but any little bit would sure be nice.
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I don't know. I was recently at some condo presales and there were like 200 chinese people there scrambling after scraps and waving money and signing papers in a competitive frenzy like it was some mad auction.
Even if oil prices are depressed, will these external factors come into play? It's already a big deal/big issue in Vancouver and parts of Asia.