Quote:
Originally Posted by Johnny199r
Calgary home prices will continue to go up as Calgary and Edmonton are the economic engine of this country right now. There are more people moving here than there are houses, therefore demand = higher prices.
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I do agree with lorenavedon's general theme, not the posts altogether however, but the theme in his posts that Alberta won't be the economic engine forever.
Things just don't go up and stay hot forever. That just has never happened at any point in history, and all "empires" will fall one day.
Ontario at one time was the economic engine too. Oil and gas are non-renewable commodities. Our world is changing, and eventually we will need a substitute economic driver if we want to remain as a healthy economy.
I don't actually know how you could argue with this point, to be honest.