[81MC]

Originally Posted by Jason14h

And here we go. Final shoe to drop

https://www.theglobeandmail.com/busi...ices-drop-for/

https://www.bloomberg.com/news/artic...-on-rate-hikes

US housing data also showing same trend

Hold on it going to be a bumpy ride - but will be interesting to see what Calgary does as we have had the least dramatic price increase historically and have macro factors - oil prices - that should somewhat support price levels and increasing rates

Can’t wait tbh. The influx of ‘wealth’ the housing market has created is good for a select few, mostly investors with no ties at all to the communities they’re ####ing.

Avg purchase price:income is like 10% higher than it was at the peak of the bubble behind the crash of 08, and is way higher than historical averages. The other foot will drop.