| ehos |
Lol :)
Yeah, well 'correction' in the real estate market hardly ever means a price reduction. It just means 'more selection'. Last year there was NO selection, you bought or you sat and watched.
Now, there is a definite correction happening (and over?), where there were ALOT of listings for the past 2 months. But right now, those listings are slowing down again (only 60-65 vs. 140-150! per day). And sales are more now than they have ever been! (Really!)
There's a ton of deals, but no 200K homes (that are liveable) that boat is long gone. The condo 'boat' is still here, people are stupid if they don't take advantage of the last glut of 'pre legislation condo conversions.' There's a law that says you have to give a one year notice before you convert a condo, and alot of the condo 'flippers' just backed right off.
I think the BEST buys are right now in St. Albert (shhh!) :) The area is amazingly nice, the prices are really good and you will see huge growth (as per usual) in that area again (can't say the same for Sherwood Park, stuff there is overpriced!).
Anyways, MY personal opinions. I like to watch the real estate market, it's a little more fun than the stock market. |
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