What will happen, if the Bank of Canada drops interest rates.... Money flows to the US, which offers higher interest rates, buying their bonds. This causes a devaluation of the Canadian Dollar against the US-Dollar. Happened already to Germany and Japan. Germany gets hit hard, because industries desire to leave. A few have already moved out. They dont want to bear the cost for the Ukrainian war, nor can they afford the higher energy prices. Right now, the Canadian Interest rates are more or less equal. You have the same situation like in the US. People cannot afford housing.
Calgary is a flippers and speculators circle jerk party right now. An average Joe looking just for a place to live is way better off in Edmonton right now.
It is cooling down pretty quick
Hopefully, because right now everything is in multiple offers
In 2020 I decided at 55 years old I did not want to rent anymore and bought a townhouse in Walden for 226000. Single best decision I made in my life.
How much is it now
@@stephenn88 people are selling them for around 420000
Probably doubled as of now.
@@karens65good. It is on paper gains and it is pure shell game
Why?
What will happen, if the Bank of Canada drops interest rates.... Money flows to the US, which offers higher interest rates, buying their bonds. This causes a devaluation of the Canadian Dollar against the US-Dollar. Happened already to Germany and Japan. Germany gets hit hard, because industries desire to leave. A few have already moved out. They dont want to bear the cost for the Ukrainian war, nor can they afford the higher energy prices. Right now, the Canadian Interest rates are more or less equal. You have the same situation like in the US. People cannot afford housing.
Calgary is a flippers and speculators circle jerk party right now. An average Joe looking just for a place to live is way better off in Edmonton right now.
What Edmonton can offer?
its as if they left toronto for calgary
Gold. @@stephenn88
It is a leg shaking, rent collector market.
OMG , Igor ......in a few years Calgary would be Vancouver , Toronto or Montreal real state market !!
😂😂😂
Without access to ocean.
Booming sir