Yesterday we polled our readers, asking two simple questions:
1. Has the market peaked?
2. Will we see price declines greater than 10% in the next two years.
Canadian business magazine asked Canadians the same questions a couple of weeks ago. It turns out our readers and Canadians as a whole are pretty much in agreement. I find that quite interesting knowing the situation in Toronto and Vancouver – I thought our readers would be a bit more optimistic. I think Edmonton will out-perform the national average and certainly kick t-dot and vancity’s butts. On the other hand, knowing the comments we tend to get on the blog, I’m surprised our readers didn’t predict a massive crash and burn in Edmonton. Are we overly pessimistic or is the rest of the country overly optimistic?