Saturday, February 24, 2007

Welcome to Alberta Bubble

Well, the last few days were bad for Real Estate Bubble bloggers in Western Canada. First VHB threw in the towel, then our beloved Rob at Calgary housing gave in. They say it must be close to the top (yes, the real top) when long time bears capitulate. I don't think either one of these guys really capitulated, but it makes you wonder.
And while somehow navigating through over 200 comments at Calgary blog, I realized that we just don't have adequate forums to discuss the happenings in Alberta real estate. Especially when you see the craziness- multiple bids, bidding wars, condo reconversions of absolutely dilapidated buildings, real estate agent condescension, owner condescension, 'Alberta is different' stories and a long list of items we will hopefully cover in coming weeks and months.
I can't guarantee you any particular frequency of the posts, but I will try to post as often as I can.
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