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Mortgage Broker News | 24 Apr 2015, 07:49 AM Agree 0
The effect of the weakened oil industry has resulted in a collapse of Calgary’s condo market according to a new report.
  • Chris Nichilo | 24 Apr 2015, 08:33 AM Agree 0
    This is exactly the kind of news that puts fear into people without the proper context. It's unfortunate to see. Figures like 61% seem large, but the context is year over year, which says nothing about the health of the marketplace today. It says only that the market is softer today than it was last year at this time, but last year was outstanding. Being softer than last year doesn't equate to a "collapse". Really poor reporting in my opinion. #sensationalizednews
  • DeJong | 24 Apr 2015, 10:52 AM Agree 0
    @Nichilo

    Put a sock in it. A 61% annual decline is a turd. Polish it however you want, dude.
  • Carsten | 24 Apr 2015, 02:43 PM Agree 0
    Is there any connection between Calgary's large decline and Vancouver' large increase in the last 3 month? Are international investors switching from Calgary because of the economic situation to Vancouver? Are there any numbers available on the investors??
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