I don't think is was a liberal win, as much as a "Screw You" to the new premier Ed Stelmach. Calgarians (esp. Mayor Bronconnier) are quite upset with how Steady Eddie is shifting our tax dollars to the rural areas, when there is such a large infrastructure deficit in this city.
If I was the Liberal candidate I wouldn't be running out and buying a new car or anything. This is likely to be short term. If the Tories lose as a government it will be to another 'right' wing party. Unless, of course, the Liberals lose a couple of their loony tunes like David Schwann and this new guy.