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Old 05-19-2015, 04:29 PM   #16
polak
In the Sin Bin
 
Join Date: Aug 2012
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Quote:
Originally Posted by bysutter View Post
Right now, in the City of Calgary, would you buy a house? I can honestly say that every person I have asked that question has said no.
Lots of people waiting for something to give.

Oil Prices bouncing back or prices dropping. Right now, Oil is in the tank with no realistic idea of when it will go up, people continue to get laid off but there's also very little movement in housing prices.

No one wants to be a sucker and buy right before the floor falls out and no one wants to sell cause they still think their 1300 sq ft starter home is worth over 400K.
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