Quote:
Canada’s housing market shows the “classic signs of over valuation, speculation and over supply,” but Bank of America Merrill Lynch says that’s no reason to think that there will be an epic crash of American proportions.
http://www.theglobeandmail.com/repor...rticle2276241/
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So often these articles read like they're just talking about Toronto and Vancouver. I know real estate articles tend to flip on a daily basis, crash/fine/crash/fine/crash/excel/crash . . .
I generally thought while Calgary is a bit expensive it's actually been pretty decent compared to Vancouver and Toronto the past 24 months. I didn't think we climbed back like the other markets did, exceeding prior highs. Which is odd given we're (Alberta) the ones with the job and economic growth.