I heard about Bigger Pockets from an ex-roommate who was involved in real estate when we were discussing ways to invest years ago.

Hello Bigger Pockets!

@John JacobsWelcome to Bigger Pockets.

I'm glad to be joining the Bigger Pocket community!

the increase in housing inventory in Halifax, particularly high-rises:  i believe the bigger developers are (rightly) taking advantage of cheap money (ie. low interest rates) which, as a strategy, 1) is a better investment than anything else in our economic environment, and 2) lowers the the holding costs, thus increasing the arbitrage between interest rates and the sale to individual buyers - who may be buying more than they can afford long-term due to the relatively low interest rates that these individuals are also benefiting from. 

They have expressed the desire to move to a bigger and cheaper house a little further out, and were curious about what they can do with their existing property.

Have you plugged it into the bigger pockets calculator?

Give this a try:  Bigger Pocket Glossary

Been listening to the Bigger Pockets Podcast for the last couple of weeks. 

To me, wanting to move in right away is a bigger red flag than the credit score.