The Calgary Herald has this housing bubble report from Canada. "For Tim and Erin Luki, a hefty house loan meant settling for fewer future children, cheaper vacations, full-time work for both parents and a lifetime of monthly payments to the bank. So the family is cashing in on what's become for many a real estate lottery, and like others, the Lukies are moving on instead of up."

"The Lukies are among a growing number of longtime Calgarians seizing the opportunity to sell high and buy low, somewhere other than this booming metropolis where property values keep shooting skyward. 'We feel lucky. We've been told by so many people they wish they could go, too,' says Erin Lukie.""The experts are reluctant to admit there's an emerging trend; that people are increasingly catching the bus out of boom town. The Calgary Economic Development Authority 'didn't want to go there,' and declined to provide any further comment."

"The Calgary Real Estate Board, too, was reluctant to point out a flaw in the rosy picture called Cowtown. Board president Kevin Clark admits he's heard stories of longtime Calgarians who've been sitting on a pot of gold selling out to chase a new real estate rainbow in another town."

"'Calgary is getting to be a pain in the butt. Traffic and taxes and all the BS that piles on,' says retired geologist Don Wilson, who at 85 is leaving the home he bought nearly 50 years ago for a life in an apartment in Nanaimo, B.C."

"Wilson bought his Glendale home for $19,000 in 1958 and recently sold it in a day for $480,000, $80,000 more than its listed price. A number of other longtime residents on his street are also selling."

"'At that price, I thought somebody had rocks in their head,' said Wilson, still reeling from the windfall he doesn't even need and plans to give away to his kids."