RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Badgers numbers look greatI am just sniffing around now for real estate. I like to see more blood in the streets before I delply my capital. I like to see a nice vacuum created by money outflows first before buying anything like real estate.
Calgary real estate is probabaly overpriced but will it crash like US real estate, short answer, no. It may correct and that is what is happening now. How deep the correction is the real question. If people panic, we could see 25% price decline. Usually, you see that on the top line $ houses, not the mid-tier. We don't have the Countrywide mortgage with their ARM mortgages that balloon after 5 years. That is what took the US market.- 0% went to 5% overnight for millions of people. Calgary just has an overheated market but with low interest rates. Those recent high-end buyers, might have to sell. The selling seems pretty orderly at the moment.