Quote:
Originally Posted by Claeren
[...]
As for Calgary being cheaper then comparable markets, that is a joke. No comparable city Calgary's size has pricing from the core to the far perifery like we do. Toronto and Vancouver are both MUCH bigger cities, that are on the water (less developable land), and yet BOTH have cheaper pricing in the far flung suburbs. Most American cities with ~1M people have pricing a fraction of current Calgary pricing, usually at or below $250,000 (or even <$200,000) for a mid-size suburban home (v. $500,000).
Claeren.
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I am the last person to defend current price levels. However, this is a factual error in so far as Vancouver is concerned. The median prices for a single family home for all of Calgary is $415000. By compairson, the benchmark price for Maple Ridge (a very far flung suburb of Vancouver) is
$457,522.
http://www.realtylink.org/hpi/rebgvh...08&TYPE=buyers