Calgary housing not headed for crash: Expert
Posted Mar 4, 2011 8:33 am.
This article is more than 5 years old.
Calgarians looking to sell their houses are asking too much money.
That’s according to a leading U.S. real estate expert, who visited Cowtown Thursday to speak to CIR Realtors.
Steve Harney says it’s because Calgary buyers are being cautious, making offers that anticipate a possible housing crash similar to the one that happened in the U.S.
He says such a crash is not in the cards for the Calgary market, but those selling their houses need to adjust their prices downward a little to account for buyer jitters.
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