If your son is taking on debt to go to Uni away from home I would seriously consider staying here. You are probably looking at an extra 30-40k in debt over 4 years to move away. If you can afford it then moving out would likely be a great experience.
Also if you are comfortable with your son getting loaded and not coming home some nights then staying in Calgary would work. If you are going to helicoptor parent him and give him a curfew that will cause conflict between you. Then you both might be better off with him going away.
I think the last thing to make the decision on is the universties reputation. Thats a factor when doing a graduate degree but to me an undergrad is an undergrad.
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