[Wookie]

TORONTO - Economist and author Jeff Rubin, who predicted the bursting of Canada’s last major housing bubble, warns many Canadians will soon regret the hefty prices they’re paying to enter the property market.

http://www.calgaryherald.com/busines...155/story.html

CALGARY - Calgary’s vacancy rate has nearly doubled in the past year, pushing down rental rates, Canada Mortgage and Housing Corp. said Wednesday.

CMHC said job losses, fewer people moving to Calgary and lower home prices have boosted the vacancy rate in the past year.

http://www.calgaryherald.com/busines...819/story.html

Carney warns banks, consumers on debt

As of October, growth in mortgage credit had climbed 7.1% over a 12-month period, and 7.5% month-over-month. Meanwhile, credit contracted in the last two recessions.

http://www.calgaryherald.com/busines...011/story.html

All this cheap money going to make for a drop in housing prices in the years to come?