I’m glad you asked. Garth Turner(GreaterFool.ca) has been telling us not to buy a house since 2008. If you live in Calgary and took his advice, here’s how it would have turned out. Furthermore, in the past, you would have had a nice selection of homes to choose from, but with today’s miniscule inventory, you can’t be choosy.
Famous last words
Seven months ago, this prediction for Calgary from Garth Turner at GreaterFool.ca: “That the Calgary market will crack is a given…It’s different here, until it isn’t. Which is soon.”
The average price has risen $45,000 since he made that guess. Any thoughts on what he meant by “soon?”