Quote:
Originally Posted by OMG!WTF!
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Calgary also has no jobs and had a rental market that was previously characterized by horrible gauging. So yes, I'd agree it's probably a bad idea to buy a house in a city with unlimited land at the peak, just prior to a major recession.
Longterm though, rents always do go up. In Calgary, in particular, a random 10 year sample isn't representative. You're better off looking at 30+ years.