Naturally there will be longtime residents of Calgary who have seen their house prices go up by three to four times in the last decade deciding to pull the plug and cash in. Especially now since these prices seem much more long-term than percieved even a year ago. I wouldn't be shocked or even worried about an 'exodus' as in order to sell your home and move on someone on the other end is buying. Unless everyone in Calgary is buying second, third, or fourth homes and not renting them out, then net we're gaining people.
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