01-20-2015, 04:32 AM
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#3103
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Proud to be called a RS Regular!
Join Date: Oct 2014
Location: Kits
Posts: 119
Thanked 225 Times in 52 Posts
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Originally Posted by iEatClams
Back on topic. I'm very curious to see how the drop in oil prices will affect Real estate in vancouver.
My guess is it will have an effect in Alberta, but I don't think it will affect Vancouver too much. I'm not seeing the demand from china slowing down. Lots of chinese clients and chinese buyers still buying homes.
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Appears Real Estate in Alberta is in trouble 
Home prices fall in Calgary as real estate chill deepens | Globalnews.ca
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“Calgary’s high-flying housing market has caught a serious chill,” Sal Guatieri, senior economist at Bank of Montreal, said Monday afternoon.
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The price drop “is likely the start of a correction,” the economist said.
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Until very recently, Calgary’s housing market was the top performing in the country alongside Toronto and Vancouver. Plunging oil prices have worked quickly to cool things down, however.
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