It'll be interesting to see how long it takes until real estate prices start dropping with $65-70/barrel oil.
We'll likely see a softening in the outlying commuter towns first (Airdrie, Okotoks), and then a drop in Calgary real estate.
Speaking as somebody who's family has made a living off Calgary real estate since the 70s it looks like it's time to batten down the hatches and try to weather another bust. Once the layoffs begin it could get very ugly.
Last edited by ExiledFlamesFan; 11-28-2014 at 04:13 PM.
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