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Originally Posted by azzarish
In England house prices steadily kept rising over the last 10 years, and there came a point where it was almost impossible for the averge family to buy a home unless they were generously aided by their parents or other family. What then happened was that because prices were so high, houses wouldn't sell, so the asking price had to come down.
Calgary house prices have not hit their peak yet by any means, it's only recently that there the boom has arrived, and I expect this continue for a good few years yet.
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Do you know how many people live (or take residence) in England/London? There are more filthy rich people in England then there are people in Calgary (and likely Alberta). Real Estate in a market like that is considered a great place to hide/place assets. There is just no way you can compare Calgary to England.
Claeren.