Poll: Where are YYC housing prices at the end of the year?
With such a wide margin on predictions for Calgary housing prices, let's see where CP stands. I enjoy hearing about others opinions. Being in the industry, I am asked this question daily and always point out that their guess is as good as mine.
For the record, 2014 was up around 7%. I initially felt that REMAX's projection for 2015 was overly positive (around 3% growth). At the 2015 CREB forecast with Kevin O'Leary, CREB predicts a more modest growth of 1.5% (roughly). My first prediction was a 5% decline in prices as a worst case scenario which was later influenced to a 3% decline as a worst case scenario.
The logic behind the possible answers relates to a recent post of mine where I found most people I spoke to in the O&G industry seemed less concerned than those who were not involved.
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