Quote:
Originally Posted by Harrison
Yup, plus a young and growing population. All good things, unless you are a speculative real estate investor in Edmonton lol. Homes are for living in, not for profiting from.
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Keep your eye on supply. That's really it. So far YEG has been able to keep supply up with demand (although I expect conditions to continue to tighten up over the next 12-24 months).
Since housing is primarily supplied by private enterprise it HAS to be profitable. Unless we want to 'centralize' supply delivery through the government, investors (whether speculative or not) will need to sell housing for a profit. And I really don't care what one's own opinion is of the matter, this is the way it is in the free market economy.
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