3 ms·
Which cities are these? It's (I think) pretty well known that housing prices are a little sticky. Even if the market reacts to changes in supply and demand, nob
by asdfasgasdgasdg 7y ago
Which cities are these? It's (I think) pretty well known that housing prices are a little sticky. Even if the market reacts to changes in supply and demand, nobody wise says it reacts instantly. But, I think there's also a chance you've been misled as to exactly how much oversupply there is.
- tonyarkles 7y agoSaskatoon (worse) and Regina (not as bad). For a long read about Saskatoon, see https://jbuc61.wordpress.com/ https://jbuc61.wordpress.com/ We recently moved from Saskatoon to Regina, and our family sold the Saskatoon house. We priced it slightly below market and it sold in 3 days, but there were many similar houses that had been on the market for months. The buyer tried to flip it (it needed love for sure); I'd guess $15-20k worth of supplies plus his own labour. It sat on the market for a long time, and ultimately sold for only $40k more than he paid us for it.