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Originally Posted by Tron_fdc
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As far as the real estate market goes, I believe we're still behind Vancouver and Toronto as far as avg home prices go, and from what I understand our economy is still further ahead than BC and Ontario (per capita). Yes, it is oil based but unless the price of oil suddenly drops to $20/bbl I can't see it bursting anytime soon. Unless of course there is a sudden surge of property sales that flood the market, but as it sits I see no reason that something like that would happen.
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I'm no expert but I pretty much agree with this....Calgarians have more take home pay than most any other city in Canada, and Vancouver and Toronto have shown that people will pay alot for a house...does this mean the insanity seen in the last bit in Calgary will continue? I doubt it, but I don't picture a major crash either...city is still growing quickly...takes forever to build a house etc...