Quote:
Originally Posted by Cowboy89
Take a look at how quickly boomburbs can grow in other metropolitan areas in North America (especially the GTA!). As Calgary gets more restrictive on land supply/uses for greenfield development within the city limits the greater the price discrepancy for single family homes exists between places like Okotoks, Airdrie, Cochrane, Strathmore and Calgary, the faster those areas will grow and it can happen fairly rapidly.
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But you're starting with the wrong assumption here. Calgary does not restrict land supply - didn't we go through all this with the Charron Ungar issue?
The reason why outlying communities grow quickly is simple urban land economics. The further out you go, the less expensive land is. It's therefore more affordable. Calgary's housing market took a massive spike in 2006-07, which priced some people out of the Calgary market. Nevertheless, Calgary maintains a pretty healthy share of the regional housing market (~80%).