A couple things. First, real estate is up virtually everywhere these days, and it’s not a bubble everywhere. Second, the obvious concerns in Canada are Toronto and Vancouver. Sure, prices are up in Calgary and we’ve seen some places move quickly, but that’s after years of a buyers market.
It’s kind of a pet peeve of mine that every time we see positive prices the financial media starts saying it’s a bubble. Having prices rise in a market like Calgary isn’t negative. And please...no one bring up David Rosenberg and his ridiculous “this is the Great Depression” prognostications.
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