Originally Posted by bfc
Thanks everyone for your thoughts!
Relocating is definitely not fun, I have a one week trip coming up in two weeks in order to find and purchase something, finding that quite daunting... Right now I'm just trying to assimilate all the information being thrown at me and hopefully make the best informed decision I can.
Here's a loaded question, what you're thoughts on housing costs, I'm I better off renting for a year and then evaluating the market, and purchasing. Or are prices still going to keep climbing, making it even more expensive to enter the market a year from now..... Moving from London, Ontario, I'm finding that the cost of housing in Calgary is, well, high!!
I'm not a investor or a real estate pro, but it seems pretty obvious to me that the prices will be going up at least 5-10% in the next year. We used to have a glut of listings, but the market has returned to a more balanced level, that should grow at moderate rates. I can't see them going up more than 20% though.
Renting might be the best option for other reasons; if you want to get familiar with the city a new job, etc., but I wouldn't advise renting for the sole reason of waiting out the market to see if it drops.
You won't have a problem finding a place to buy at your price range meeting your criteria. One thing I would definately do is get a real estate agent right away to send you listings over email. Don't depend solely on the MLS website for your market info.
MLS.ca always tends to give an overpriced (or underpriced for last year) view of the market, as it only shows the asking price, and doesn't show what a property sold for. Perhaps more importantly, is that the best properties often never hit the website.