Calgary condo prices will only go up if/when larger properties go high enough to pull the values up with them.
If housing supply gets limited enough and expensive enough, it has a trickle down effect on smaller property types.
I recently saw a snake graph showing condo prices in Calgary, Vancouver & Toronto from about 2005 onward, and it's crazy how close they were at one point before the 2 other markers took off & Calgary didn't.
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