Quote:
Originally Posted by JiriHrdina
Course I didn't aniticipate either what the market would do nor how my situation with my current place would change.
|
Pretty much no one did. I knew people what were predicting a run up due to the economics of the province, but not the 40+% we saw.
This year is going to be similar as well, January saw a 5% increase in single family homes in Calgary already. CMHC (who is usually ultra-conservative in their predictions) is even calling for 38% for 2007.
November and December saw a bit of a downswing (as it always does), and that would have been a decent time to buy. Otherwise I don't think anyone would be making a mistake even if they bought now.