Friday, September 15

Report warns about Calgary housing bubble

A report by TD Economics says that Calgary could be experiencing a housing bubble, the rise in price is troubling and cannot be sustained.

The house price has been going up in recent years, but the report says the real state markets "has generally lack the degree of speculation(engagement in risky business) that dominate the past boom-burst cycles". And the market remains seller's market. Housing in Calgary still remains affordable, since it is less expensive than Toronto or Montreal.

Also, housing-related expense is also rising.