Quote:
Originally Posted by ranchlandsselling
So often these articles read like they're just talking about Toronto and Vancouver. I know real estate articles tend to flip on a daily basis, crash/fine/crash/fine/crash/excel/crash . . .
I generally thought while Calgary is a bit expensive it's actually been pretty decent compared to Vancouver and Toronto the past 24 months. I didn't think we climbed back like the other markets did, exceeding prior highs. Which is odd given we're (Alberta) the ones with the job and economic growth.
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The key to interpreting these articles is who it actually is that's sending out the oringinal press release or story with analysis. Those that say 'fine' are typically Real Estate associations such as ReMax and CREA, while those sounding the warning bells are the Bank of Canada, and various lending banks. In my mind those two groups don't offset.