Told Ya So

CHMC's take on the Calgary market can be found here. This isn't me talking, it's Her Majesty's Government. You know, those guys in Ottawa who know everything. You might want to pay special attention to "Figure 3" which gives an inkling as to why this is all happening.

Looks to me like in the short run (by which I mean the next 2-4 years) the only thing that'll bring Calgary housing prices down is if those Mr. Fusion things start getting really popular.