Something to remember.........stocks/bonds since something like 1978 have beat inflation by 6-8% while housing has beat inflation by 1-2% points over the same period. In the short term (since early 2000), real estate has been the better investment. Don't have all your eggs in one basket.
Stocks/bonds easily win in costs, effort, diversification and transperency.
Regarding the current state of the real estate market in Calgary, it was bound to correct eventually. You cannot sustain 60% gains in 1 year. This is either a correction which will plateau shortly or a large drop where what goes up quickly can drop just as quickly. I am betting on a correction mainly because interest rates are still low, the job market is still strong and Calgary is still a desirable place to live.
|