77k seems low to me.......alot of new university grads make an average of 50k a year once graduating, assuming they get married to another person with an education within a few years, that is 100k a year and rising as they get more established in their careers.
Calgarian's are very educated. Other Canadian cities are not as young and well educated.
I do not foresee the average household income declining in Calgary. I see it plateauing as well as the average price of a SFH.
If interests rates stay reasonable and hover around 6 or 7%, I dont think we will see a huge decline in prices.
Don't buy into the "Buy now or be priced out forever" or "Wait for the crash" arguments at all.
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