Quote:
Originally Posted by lorenavedon
rental market is still tight. If they can't sell they'll rent
|
You are just moving goal posts. That would change in a hurry if 1500 homes hit the rental market within a month or two. It's a delicate balance.
We have a lot of empty homes during a time in which we will likely see people leave the province. At the same time we have a serious debt problem. 70% of people own homes and the province is about to go into recession because of low oil prices. Oil prices that are unlikely to go up for another year or more and will result in highest unemployment seen here in decades.
Add more taxes because the province is broke and there is not much positive there.
I sound negative, I know, but there is nothing there to suggest that good times are ahead. Finding a positive in February RE numbers is like winning the special Olympics. Yes, better that January, but terrible overall and January was catastrophic.