Alberta real-estate

[Chagi]

I was looking through some Stats Canada data the other day regarding housing prices in Edmonton and Calgary, and the graphed indexes illustrate the current housing bubble in Alberta very clearly. I agree that the peak has likely not been reached yet (very difficult to predict accurately), but I don't think that it will have legs for much longer...

 

[jmccain]

The following shows that the Alberta housing affordability index (30.5) is still lower than BC, Ontario & Quebec.

http://www.rbc.com/economics/market/pdf/house.pdf

 

[WinDiff]

I see it still there, do you?

 

[nassau]

Quote from seriouscoin:

The bottom could drop out of the oil market, making it unprofitable to extract from tar sands...http://www.fintrend.com/ftf/Articles/Oil_Inflation.asp

Will people have a reason to live there if the oil sands industry tanks? Since Alberta RE is a pure oil sands play, why not invest directly in the underlying?

Deserted mining towns are a dime a dozen.

BTW, CA has some of the best ag land in the world. Its the "land of fruits and nuts" in more ways than one. :>

How would one find out about these deserted mining towns..??
which country are you speaking about...the usa or canada....
and what state or province...

w