Flab: this is written by a realtor. So yes, their world is collapsing around them because they can't make $100,000/wk in commissions anymore, and actually have to *gasp* schedule open-houses, and visits, and stuff, and how the Hell am I going to pay for that custom paint job on the new GLK?
Shazam999: Ugg, and to think, you "oversee financial and budgeting policies for my municipality." And you're 34. No wonder the city's finances are in the toilet.
Rev.K: SovietCanuckistan: The ONE investment refers to a home. A lot of people here have very little savings and they are counting on their home to increase in value without end. The average home in my city costs $527,763 (Dec 2013). People are leveraged to the tits and the only have money to pay the mortgage, not much else.Calgary's vacancy rate at the moment is less than 1%Calgary's unemployment is forecast to decrease over the next few years.Home values have continued to rise in the wake of the flood.Home values have not substantially dropped since the crazy price increase of 2006-2007.Calgary will be the exception to any sort of crash scenario. Growth is still strong and prices have held.
Atomgirl: Ahhh, another french canadian hate thread. It had been a while.
Mangoose: Is this a Canadian joke?
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