Quote:
Originally Posted by you&me
The idea of a bubble "popping" in Calgary seems a little silly at this point.
We're a few months into the first signs of life in the market, and some people are already forgetting the fact that the entire Calgary market has essentially been flat for a decade... 
That said, Calgary is the most affordable big market in Canada relative to incomes. Regardless of factors that would contribute to a bubble popping in other markets, Calgary should fare relatively well. |
Is there a reason for the housing market to be this hot though other than FOMO? Unemployment rates are still in in the dumpster, and downtown vacancy is hovering around 30%. Are we doing that much better economically than we were pre-covid?
We still have an incredible amount of land on the outskirts of the city. Once construction catches up with or surpasses demand, what happens?