On the original topic, I absolutely don't think housing in Calgary is a bubble in any way. It's more affordable compared to income than basically any other major city in Canada. I actually think the biggest risk is the government trying to cool down Toronto/Vancouver with rule changes and the rest of the country gets caught in the crossfire.
But oil prices are way up, the pandemic is looking like its on its last legs, and employment is improving. Plus the massive amount of money printing/deficit spending cash will end up somewhere. So real assets in general are potentially a good bet. I think Calgary RE may be in for a few very good years.
|