As a frequent visitor to Canada and Calgary, my belief was that the political sea change was driven by Canada’s faltering commodity-based economy radiating outward from the conservative middle provinces. Canada’s hot real estate market has been in bubble territory, despite no favorable tax treatment for mortgages.
I have watched the Loonie swoon to US$.70 ($.72 today). That alone should make Canadian real estate attractive to Americans. Yet, falling real estate prices in Alberta could (and likely did) foment upset - this I believe that this was Harper’s Achilles heel.
Maybe, but Harper had a pretty good record on the economy, though he chickened out on being truly conservative and taking any bold action.
I’m hoping there’s a nice gulch out there in the Rockies where my family can hide to ride out the coming crapolafest.
Cheers,
Jim