house prices in Calgary will never come down again. At least from this level. Sure if SHF prices hit 1 million and drop to 900k then prices have come down. But from this level we're still on a one way trajectory to the moon. No way possible in any scenario from any rational argumentation could house prices possibly fall. Not with the amount of government intervention in house prices and interest rates. Housing makes up too much of the economy and if the government lets prices drop there will be a huge economic collapse for the entire economy and the banking sector. So there is really zero risk in housing unless you think the government of Canada and the bank of Canada is about to magically disappear somehow. I would love to see one rational case for house prices falling.
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