Is there a bubble to burst in Calgary too?
The Calgary real estate market keeps on trucking up at an insane pace.
Average Calgary Real Estate Prices 1985-2007
Where will it end? What comes to the US usually arrives in Canada several years later. We've been hearing about the "bloodbath" south of the border, with record numbers of homeowners defaulting on their mortgages and falling prices. Here is a plot of California 10 average home prices.
Where will it end? What comes to the US usually arrives in Canada several years later. We've been hearing about the "bloodbath" south of the border, with record numbers of homeowners defaulting on their mortgages and falling prices. Here is a plot of California 10 average home prices.And here is a 1 year plot of California. Clearly not rising but not falling too far.
Miami is also an interesting graph 
Here is Toronto 1985-Present
Miami is also an interesting graph Here is Toronto 1985-Present
posted by Scott at 7:19 PM
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