There is an undeniable concern and a good deal fear mongering in the media happening in the media right now following the drop in oil prices. Watch as global investor and infamous Dragons Den judge Kevin OLeary provides his insights on where he sees the Calgary real estate market going. In summary: - Strong demand for housing in Calgary is expected to continue - Moderate, but stable price growth (2% maximum) - 0.25% increase in interest rates, as early as Fall 2015 - the large oil companies have very strong balance sheets and are poised to weather the downturn - Overall there is a more optimistic view on pipelines that weve not seen historically - Real estate (a hard asset) is being substituted for GICs, 10 year bond in a way thats never been seen before as its believed to be a more stable and lucrative investment over the long term. [embed]https://youtube/watch?feature=player_embedded&v=eBqkVf_f_wk[/embed]
Posted on: Fri, 16 Jan 2015 23:14:18 +0000
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