[red sky]

Originally Posted by you&me

I'm still not really bullish on the Calgary market. The homes around me are still on the market for many months / relisted repeatedly; the homes I watch as a next move are the same, so from where I'm at some parts of the Calgary market are hot, but not the part I'm (interested) in.

Generally speaking, I think it comes down to bazillions of new dollars in the economy, looking for a place to be spent, combined with still-historically low interest rates... Eventually some of that excess is bound to spill over into a 1mm+ person city in a G7 country (even if it's shocking that it took this long)... Anecdotally, it seems a lot of that spill over is coming from other markets where homeowners can take out a small portion of their home equity and pay cash for a home in said 1mm+ person city in a G7 country... I would not want to be a landlord in Calgary, certainly not if I'm planning on positive cashflow in the near-term.

And if you think Calgary real estate is "hot", you should take a look at literally any other asset class...

Where is around you?