[K1LLswitch]

What do people think is going to happen in the Calgary real estate market in the next few months post flood? Will prices go up as part of the city is now off the market as it is under water / flood damaged?

My sister and brother in law have been getting their place ready to sell in July (silver springs) and were going to move in with my parents while they build on some land they bought in springbank. With the flooding, it is doubtful that they will be able to build anytime soon as I imagine the trades will be super busy fixing flood damaged homes and there will be a major premium on their services and on drywall and other building materials.

Should they sell in July? Should they wait until September? Should they try to rent it out to people looking for temporary accommodations?

Edit: I realize that asking this will probably get me banned by the price gouging social media types