Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Poll: Where are YYC housing prices at the end of the year?

Regorium · 01-26-2015, 11:46 AM

Within my friends it's about 50/50 on this.

In 2009/2010, the average house price dropped by 10%. I don't know how this could be anything but a worst case scenario.

As such, I think a 5% drop is quite reasonable. I just cannot imagine anyone selling their home at 20-30% discounts like some posters have mentioned. Let's say someone gets laid off - how is selling their home for a 20-30% discount going to help? Where are they going to live after that?

I think that unless we start seeing net migration from Alberta, house prices won't move too much. Unfortunately, I don't see opportunities in other parts of Canada so lucrative, that people are willing to pack up and leave and throw away their assets in Alberta just to go to Ontario or something like that.

01-26-2015, 11:46 AM	#47
Regorium First Line Centre Join Date: Apr 2006 Location: Calgary Exp:	Within my friends it's about 50/50 on this. In 2009/2010, the average house price dropped by 10%. I don't know how this could be anything but a worst case scenario. As such, I think a 5% drop is quite reasonable. I just cannot imagine anyone selling their home at 20-30% discounts like some posters have mentioned. Let's say someone gets laid off - how is selling their home for a 20-30% discount going to help? Where are they going to live after that? I think that unless we start seeing net migration from Alberta, house prices won't move too much. Unfortunately, I don't see opportunities in other parts of Canada so lucrative, that people are willing to pack up and leave and throw away their assets in Alberta just to go to Ontario or something like that.