Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - 2015 Housing Market vs Price of Oil & YYC Economy

MrPlow · 01-05-2015, 09:11 AM

Hi All,

I was wondering what everybodies thoughts are on the real estate situation in YYC right now and how it might look in a few months because of the price of oil and how it impacts the Calgary economy. I'm sure this is a concern for quite a few people..

My wife and in negoiations on a great condo in an amazing location for a price that (what we believe to be) very reasonable. We are sitting at an offer of $345,000 down from the listed $360,000.

I'm hearing lots of talk from my corporate colleagues that 2015 is going to be a tough year because of the price of oil is dropping and 2016 is going to be hard because all of the major companies capital investment budgets are based on the year prior... so if 2015 is hard then 2016 will be slow because of that.

What are everybodies thoughts on putting an offer on a house right now vs waiting 2-6 months to see what happens.

Thoughts?

Edit: My first Fata

this is being discussed in this thread - http://forum.calgarypuck.com/forumdisplay.php?f=8

Mods can we close this?

01-05-2015, 09:11 AM	#1
MrPlow Farm Team Player Join Date: Jun 2004 Exp:	2015 Housing Market vs Price of Oil & YYC Economy Hi All, I was wondering what everybodies thoughts are on the real estate situation in YYC right now and how it might look in a few months because of the price of oil and how it impacts the Calgary economy. I'm sure this is a concern for quite a few people.. My wife and in negoiations on a great condo in an amazing location for a price that (what we believe to be) very reasonable. We are sitting at an offer of $345,000 down from the listed $360,000. I'm hearing lots of talk from my corporate colleagues that 2015 is going to be a tough year because of the price of oil is dropping and 2016 is going to be hard because all of the major companies capital investment budgets are based on the year prior... so if 2015 is hard then 2016 will be slow because of that. What are everybodies thoughts on putting an offer on a house right now vs waiting 2-6 months to see what happens. Thoughts? Edit: My first Fata this is being discussed in this thread - http://forum.calgarypuck.com/forumdisplay.php?f=8 Mods can we close this? Last edited by MrPlow; 01-05-2015 at 02:26 PM.