Perspective

• In-migration increases labour supply and lowers wages
• Out migration reduces housing demand

• Inflation forces consumers to spend more money on necessities
• Deflation increases real debt burdens

• Higher rates are unaffordable
  
• Lower rates are unsustainable
  

• Higher housing starts will result in oversupply
• Low housing starts will crush the economy

• High consumer sentiment implies mass delusion
• Low consumer sentiment implies a weak economy
  

• High inventory results in plenty of choice
  
• Low inventory results in higher prices

• Inflation increases the price of tangible assets
  
• Deflation leads to lower rates

• Higher rates reflect an improved economy
  
• Lower rates improve affordability

• Higher housing starts contributes to economic growth
  
• Low housing starts leads to shortages
  

• Higher prices reflect strong demand
• Lower prices result in buying opportunities

Updates: See transcript of Don Campbell's recent interview at VREAA. One way to be disingenuous is to look at the facts and pick one of the arguments above in a knee jerk fashion to support your own perspective. Don Campbell does one better by using the one way price model - Where supportive data justifies increasing prices and negative data will only lead to a "plateau".

Radley pointed out that average weekly earning increased by over 7% in Alberta. That's huge. The monthly number tends to fluctuate so this is probably overstated. Year to date average weekly earnings are up 4%. link