People are looking at the market right now saying "oh man, my POS house that I bought for 190K can sell for 260K easy" but the problem is that if they sell and are looking to buy (because once you own, it's hard to go back to renting for some reason), they are only moving sideways. What are they going to be able to buy that makes the profit they just realized worthwhile?
Everyone would love to have their own place, with a big yard and everything. There is such a thing called being mortgage poor. You have all these nice things and the 'status' that comes with it, but you are in debt out your ass and will always have to be working for a living.
If you must stay in Calgary to work/live, why not rent and dedicate the difference that you would be spending on a mortgage to other investments? You stay within your means, and you are putting your money away into vehicles that are much easier to access when they turn a profit.
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