Quote:
Originally Posted by ExiledFlamesFan
Calgary is a petro based economy and the main predictor of our economy is the price of oil. Look at a 30 year trend of the price of oil vs housing prices in Calgary and you'll find the two are almost identical in terms of trends.
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I don't disagree that oil plays a big role but there's much more to it. Looking at the 30 year trend there's similarities but it's not identical. Since 2007 real estate looks steady compared to the dips and peaks of oil.