Thursday, March 15, 2007

Housing affordability continues to deteriorate

No surprises RBC report points out.
As anyone with some experience in financial and real estate market can attest, prices cannot and will not increase forever. If housing becomes really expensive in Alberta, why would people want to move here? Especially considering the fact that we have people moving to Alberta for purely economic reasons.
The two very important questions everyone wants to have answers for are:
1. When will we reach the peak of this market?
2. Once the peak is reached, what will be the decline like? A "soft gentle landing" like they are having in the US or something totally different?
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