I think the key thing is that the globe and mail articles says "Canada" but in reality it's the massively overpriced markets that are seeing the drops, not here yet.
"Economists expect higher borrowing costs will lead to a significant price drop in some of the hottest markets."
I'd say given a choice for someone to buy a home and are willing to move, Alberta still looks attractive and we won't see that same % decrease they are predicting for say Toronto or Vancouver
Kinda PO'd though, I finally see some decent gains in my house value from 10 years ago, and now it's possibly going to be wiped out. One step forward, one step back.
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