All this bubble talk really feels like a BC and Souther Ontario problem. Sure it is a little hot in Calgary but as I mentioned early in this thread that I sold my place 3.5 weeks ago for $83k less than we paid in 2014 (which I think was among the peak times ever in Calgary).
Looking at the available homes in my neighborhood you are getting a fully developed basement with the brand new infills for the same price we paid for our undeveloped basement and not a complete appliance package which we had to take to get this place 7 years ago.
The house we ended up purchasing for 400k less than the selling price in 2008
This article from a couple weeks ago discussed how Calgary is a lower risk market relative to the others in Canada.
https://dailyhive.com/calgary/calgar...arket-low-risk