If you are wondering how the various impacts (stress test, interest rate increases, discount on Alberta’s oil price, slow increase in jobs) are going to effect Calgary Housing I would strongly recommend that you read the latest CREB report. A lot of research has gone into writing the report and even if you do not agree with the conclusions you will come away much more informed.

The conclusion is that, barring any unprecedented event, its slow and steady for the economy as well as housing.  The base on which this new economy is built is much stronger as it is diversified away from oil and gas.