Calgary housing is not in a bubble

Canada housing not in a bubble

The attached PDF is from Ben Tall, one of my favorite economists. He is one of CIBC World Market’s top guys and his research shows that there really is only a risk in Vancouver and Toronto.That is great news for Alberta.

And remember, the in-migration into Alberta is what caused the dramatic price increase before. The new numbers show that Alberta is on the receiveding end of most of the migration now. That supports housing prices more than almost any where else in Canada.