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Originally Posted by I-Hate-Hulse
I think real estate in Calgary is seen somewhat as a "can't lose" proposition - and I think this article does well to show otherwise.
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Definately, there's no can't lose proposition.. unfortunately with the big gains that have been going around there's tons of get rich quickers and investor seminars that tell people they can't lose, or at the very least don't tell them what the risks actually are.
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Interesting works given the glut of condos scheduled to come online in the next 1-3 years. I think we should be hoping for nominal increases of 4% a year.... it's steady appreciation you want, not 40% annually.
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I'd love 4% per year! So many people were attracted by the huge dollars of 40% increase, or flipping a house in 3 months for a $100k profit, thinking that was to be expected rather than understanding it was a once-in-a-lifetime kind of thing!