Large corporations are working through furloughs and layoffs.

I know a lot of offices in Calgary and Edmonton were vacant and there were lots of lay offs. 

Also banks are less likely to loan in this period of lay offs because of potential defaulting on a loan, therefore it's harder to get a loan in these times if you not only have the 2 years of work history lined up, but current employment as well too, irregardless of the savings I have and first time homeowner grants I plan to use (in my experience) .Would owner financing and hard money lending be the only way around this (hypothetically - not saying I would want to start out like this though ) ?

The stock market held up till 2008 and the worst of the layoffs were 2009 (that's when I got the axe).

You either had a friend in HR covering for you who didn't realize there would be two requests for Verification of Employment, or the word wasn't out about layoff's yet when they were asked or the lender is taking short cuts and not asking before things got this far.

But lets see if there're new rising of migration wave from tech layoffs.

Layoffs and retirements.

I'm beginning to think that there isn't a single place in Colorado where you can cash flow on small multifams 😔.My company is starting to lay off people and I'm putting together contingency plans.

When layoffs were announced 6 weeks before they actually happened everybody was freaking out.

.- Major economic recession, causing massive layoffs like our last recession.So in balance, watch inventory, preforeclosure, and job loss statistics in the metro.