XPost: can.politics, ab.politics, calgary.general   
   XPost: edm.general   
   From: Panca@nyet.ca   
      
   Local markets differ   
      
   Housing markets tracked by CREA vary widely by city. Prices are up 9.5 per cent   
   year-over-year in Calgary, 8.3 per cent in the Greater Toronto Area and six per   
   cent in Greater Vancouver.   
      
   However, they were flat in Saskatoon, Ottawa, Greater Montreal and Greater   
   Moncton -- and down 3.4 per cent in Regina.   
      
   The eye-popping increases in Toronto and Vancouver are likely because “lots   
   of   
   people want to move there and there’s limited space,” says Anglin.   
      
   Calgary is a different story, however, because it’s highly dependent on the   
   success of the local oil extraction economy, which is tied to the global price   
   of oil.   
      
   Although Calgary has been booming for years, global oil prices have recently   
   started to fall. “If the price of oil stays low, then [a crash in Calgary] is   
   exactly what you would expect,” says Anglin.   
      
      
      
   Read more:   
   http://www.ctvnews.ca/business/buying-a-house-or-condo-in-canada   
   here-are-5-things-to-consider-1.2106312#ixzz3JN6sqCwT   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)