Quote:
Originally Posted by The Yen Man
A million dollar home in Calgary isn't really that special. All those estate houses in communities like Tuscany, Aspen Hills, and Wentworth look like normal houses in the subburb, but just bigger and better upgrades.
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It kills me when people say this. I don't care how common million dollar homes are in Calgary, even modest home mortgages are a big deal. A $300k mortgage is a lot of money and people are foolish if they say otherwise. Consider this, if someone buys a $1M house with 20% down, they still have $800k in mortgage owing. Once you factor in interest and other stuff, the true cost becomes insane. Owning a house, regardless of the cost, is special. People should remember that.