Originally Posted by
pheoxs
I'm still of the mindset that a large portion of the population that was able to WFH is actually in better financial position because of then pandemic. Keep your same income but forced to not travel, not eat out, not waste as much money and lots of couples could probably save 5% down on a 500k house within the pandemic year. Then 2021 comes along with record low interest rates so they decide to buy and with inventory being down from last year it's a perfect catalyst for a heated market.
The fact that we're seeing a hot market across all of Canada makes me doubt it's any kind of foreign buyers significantly influencing the market (outside maybe Van/Tor). Who the fuck from China is going to buy a house in Airdrie.