The Calgary housing market is just stupid right now!!!! Starting out would be insane right now!!! To get something decent its what, $250k (a house)?? Even coming up with a 5% down payment, that still leaves $242,500 for a mortgage!!!! With mortgages like that, alot of people will be in trouble if interest rates hit 8%. I don't think they'll go much over that though.
Anyways the only way you can "win" if you sell your Calgary home is if you move to a city with a slower market, like Lethbridge, Medicine Hat, Red Deer, even Regina or Saskatoon. In that situation you sell high and buy low. However if you are going from one house in Calgary to the next, selling high and buying high doesn't make much sense.
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