Quote:
Originally Posted by kevman
Things, at least for the time being, appear to be fairly stable. Now, summer of 2016 or 2017 could be another story if oil continues to stumble.
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You honestly think it will take over a year before the current market reacts to oil prices and layoffs? That is very optimistic. Previous history has showed the housing market lags a few months behind the labour market. I'd say summer 2015 is much more likely. And we did just break the dreaded $50/barrel threshold.
The next big thing to keep an eye on is interprovincial migration.