Quote:
Originally Posted by DiNaMo
I'm really puzzled as year-over-year prices as posted by CREB have been positive every month from October-January and sales are off to a strong pace this new year at 20% more then 2016 so far. Ironically this time period corresponds to the stricter mortgage rules and mortgage rate increases.
What gives? Is $50/bbl all it took to stabilize the Calgary real estate market? Is now the time to buy (always is right)?
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Calgary's prices are sustainable relative to incomes and rents. So market confidence is all it takes to get it moving.