Why did housing prices suddenly go nuts from preboom levels (ie 250k for a sfh)? Was it low interest rates? Oil prices? What suddenly made people throw caution to the wind?
I think Calgary prices will resemble Toronto prices in 5-10 years.
I currently live in Edmonton with my spouse (both professionals) and like the fact that that inner city living here is cheaper (undesirable to many, but changing quickly with downtown developments). I'd like to live in Calgary someday but think we'd be way off in suburb land by then if we're not willing to pony up 600k (we're not).
Last edited by Johnny199r; 02-28-2014 at 12:40 PM.
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