An Olympic Fallacy - Rising Real Estate Costs & The Games

Like many, I love the real estate market and a guilty pleasure is popping into open houses. Recently, I dropped into an open house in Canmore, only to find I became quickly annoyed...because the realtor was misinformed.

As a tactic to encourage the 'buy-now-before-it's-too-late' mentality, the realtor said, 'With a potential 2026 Olympic bid, you'll want to get in now before the prices skyrocket.'

This is inaccurate and only adds to the fear mongering around the effects of an Olympic bid.

Listen in as I explain how real estate markets are NOT linked to hosting an Olympic Games and the evidence to back it up:

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Check out these supporting articles:

- Payoff From 2010 Winter Games exposure Proving Elusive for Commercial & Residential Real Estate

- Will Olympics Rescue or Ruin Rio's Housing Market - Realtor.com

- Chicago-Atlanta-SaltLake City Olympic Real Estate - NBC