Quote:
Originally Posted by greyshep
We are still hunting for a new place and its been ridiculous seeing the inflated prices people are paying in this market. I assume its still largely influenced by the influx of Toronto and Vancouver buyers as it seems there is always someone out there willing to pay way over list for any house we have been interested in.
If Calgary has a market correction in the near future there are gonna be a lot of unhappy folks in their houses they paid way too much for.
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There's never going to be a "market correction". Things might slow down, but I firmly believe the days of a housing bubble collapsing are behind us. There are already not enough homes in cities for the people that want them, and immigration isn't slowing down at all
https://www.nextbigfuture.com/2023/0...on-people.html
Where are all of those new residents going to live?