Quote:
Originally Posted by RicoLance21
I hope you are right. My concern is the housing prices as to whether the recent spike is caused by sheer growth or investors looking to hold and sit vacant like what is happening in Vancouver. Nobody likes to see the latter part happening, of course.
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Population growth predictions are always fuzzy. My brother in law works for a bank and they do their own population growth reports, which are surprisingly accurate. They can tell how many people are moving to Calgary by the amount of new accounts, and accounts that are being transferred. They don't look at the natural increase, but that number is fairly static.
They look at the numbers monthly and quarterly, etc.. and it sounds like this past year will be a bit higher than last year, but he doesn't have exact numbers, it's just a general growth projection. I hope he's right.
Whatever the numbers end up being, I'm sure they won't be far off last year's numbers.