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Originally Posted by Tron_fdc
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).
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As of last month, Calgary is now more expensive than Toronto.
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Originally Posted by Bingo
For most of us it doesn't matter anyway.
Looks good for net worth but unless you're watching for the high so you can sell and live in a van down by the river it matters little.
I have a house. I live in it. I plan to stay. I owe X, when I pay off X it's mine.
Until my kids leave and I sell the rest is market value not real.
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I agree... unless, of course, you have taken out a HELOC's (Home Equity Line of Credity), which have become an extremely popular way for people to tap into their new found "wealth". A lot of people are living high off of these paper gains.
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Originally Posted by photon
For Oil there's a huge amount of multiple $Billion projects on the books, and like Tron_fdc said short of $20/bbl oil they aren't going to abandon those projects, so that's a decade of sustained jobs and immigration for Alberta.
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Yes, but oil has been up there for a while now. What happened starting last August to drive housing prices up by 43% year over year? Also , a collapse of the housing market in the states is sure to bring on a fairly painful recession down there; which will definitely impact the price of oil in some way.