Quote:
Originally Posted by Wookie
However the belief in the overall Calgary economy was very positive and supported strong growth. Things may slow down, they may correct a little. But overall I think Calgary has was a it takes to continue to be a good place to come and work. With that real estate prices should be fine.
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And that is what Calgary is going through. Some people have such short memorys. Like 2006 is supposed to repeat itself forever.
A nice, stable real estate market is what we're headed toward. 2006 was an anomoly to correct for an undervalued market. Any increase in interest rates is a coiincidence mostly caused by uneasiness in the US and abroad.
Rest assured that barring WWIII, Calgary is far and away one of the best places to own realestate in the world. Very few places have what we have in natural resources (proximity), political stability and general comfort.
The secret is out. Calgary is the place to be. Buy now, retire earlier. Just be wise and don't bite off more than you can chew. All economies fluctuate.