Hmmm, looks like the real estate talk has moved to this thread.
Calgary ratio of house price to income is kicking around 4.6 - Vancouver at 9.3 LOL.
http://www.demographia.com/dhi.pdf
I would suggest rates will be "relatively low" only in the context of the low current rate as they increase them. It won't happen overnight, but I seriously doubt they'll keep giving out free money for another 10 years - haha, can you imagine the bubble scenario then?!