So much has happened in the past month outside of the real estate market and it's effect is a complete unknown. Perhaps the best way to weigh it out would be both in positive and negatives.

 

THE ELECTION:

(negatives)

- the obvious being the lack of strong representation from this region. But as Alberta slowly transforms from a "have" to "have not" province, Trudeau would be ill advised to not consider a better transfer payment option for the province.

(positives)

-infrastructure spending equals jobs, which is what we need. Perhaps leading to a slow down of the housing decline here.

 

THE KEYSTONE PIPELINE

(negatives)

-no denying it was anticipated, but it still hurts badly.

(positives)

maybe an acceleration of the east-west pipeline and a hard candid look to more sustainable industry development in Alberta.

 

THE HARDLINE:

It is going to hurt. For how long, no one knows. Prices have dropped quickly, especially in some areas, and will continue to slide or level off for a year or more. Some are predicting a bit more activity in the spring, but it is literally dead now. If you are planning on buying, you probably can wait, but the dead of winter is as good a time as any.  And something to remember: IT IS WISER TO BUY WHEN THE NEWS IS BAD, THAN BE IN COMPETITION WITH OTHERS WHEN THE NEWS IS GOOD.

 

All the best to a warm and productive November.