Calgary Real Estate: Positive and Negatives
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 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.
-infrastructure spending equals jobs, which is what we need. Perhaps leading to a slow down of the housing decline here.
THE KEYSTONE PIPELINE
-no denying it was anticipated, but it still hurts badly.
maybe an acceleration of the east-west pipeline and a hard candid look to more sustainable industry development in Alberta.
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.