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Winsor_Pilates · 03-10-2010, 08:04 PM

I was referring to Canada at large, not just Calgary. I would actually agree that prices in Calgary are higher than they should be and it's largely due to Calgarians buying into their own hype and creating a hysteria around Real Estate. But if jobs come back to Calgary and everyone starts moving there again, those ratios could improve quickly as rents go up.

I work in the Vancouver market and it's a different beast for many reasons. I think one of Calgary's issues is that the RE market looks at Vancouver too much, when there's too much difference for comparison.

I don't share your view of the future and comparison to Nortel, but we could argue that forever, it's pointless. I think it's far more likely a lot of people can make a lot of money investing and selling RE at the right times, and those who rent forever waiting for the bubble usually just miss out.
Like any investment the key is to invest wisely, don't spread yourself too thin and time things well. The new restrictions on mortgages will help more people do this.

03-10-2010, 08:04 PM	#79
Winsor_Pilates Franchise Player Join Date: Mar 2005 Location: Van City - Main St. Exp:	I was referring to Canada at large, not just Calgary. I would actually agree that prices in Calgary are higher than they should be and it's largely due to Calgarians buying into their own hype and creating a hysteria around Real Estate. But if jobs come back to Calgary and everyone starts moving there again, those ratios could improve quickly as rents go up. I work in the Vancouver market and it's a different beast for many reasons. I think one of Calgary's issues is that the RE market looks at Vancouver too much, when there's too much difference for comparison. I don't share your view of the future and comparison to Nortel, but we could argue that forever, it's pointless. I think it's far more likely a lot of people can make a lot of money investing and selling RE at the right times, and those who rent forever waiting for the bubble usually just miss out. Like any investment the key is to invest wisely, don't spread yourself too thin and time things well. The new restrictions on mortgages will help more people do this.