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. |
http://34.66.255.77/index.php/6-metros/
Up a whopping 7% or so in the last 15 years. One of those things (two including Edmonton) is not like the others.
Side note, does anyone remember that Plunge-O-Meter guy from 2006/07? Here we are 15 years later and his "price target" of homes returning to sub $300,000 never did materialize.