TD has a rather sobering report out on the Calgary housing market...
http://www.theglobeandmail.com/servl.../Business/home
”There is no question that the recent dramatic price gains in Calgary and Vancouver are unsustainable and that these urban centres are vulnerable to significant moderation, including the possibility of a pullback in prices at some point in the future,” TD Bank economists Craig Alexander and Steve Chan wrote in a note released Thursday.