Calgary Housing Market...

[gladaki]

http://www.bnn.ca/Video/player.aspx?vid=624055

Interesting graph in end of video. Is Calgary housing market going down ??

Time to buy eh?

[darklord700]

Prices are holding up and there was no adjustment, let alone any crash to speak of. It's kind of a weird situation when you have bad job situation but a stable housing market.

There might be some "bargain" if you are buying in the 800K+ to sub 1M range. But other than that, it takes longer to sell and maybe sellers are more willing to negotiate but that's it.

[Coach]

From what I'm hearing, the market for lower-cost (meaning 200-500k, if that's low) haven't seen any effect and actually a lot are selling quickly. But it will be tough to sell a $1 million house as many of the people who could afford that are the ones being laid off and/or not enough young money as there was a few years ago (but enough to go after smaller lower cost houses, which is IMO totally fine).

[fundmark19]

If only there was a thread to discuss this type of stuff