Quote:
Originally Posted by Johnny199r
So are Calgary home prices going to stop rising by 8% every month soon then?
Many articles I see now are grouping Calgary with Toronto and Vancouver in unaffordibility.
Clearly, Calgary isn't there yet, but what reason is there for home prices to slow down? None. Neshi isn't making additional land available any time soon. Keep the supply low, factor in the tens of thousands of new people who move to Calgary every year, the vast majority wanting a single family home, and the price will keep pushing up at breakneck speed.
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Are you aware of how far apart the average single family home price is in Vancouver compared to Calgary?
Vancouver- 1.36 million
Calgary- 556,000
You must be the first person to claim that Calgary is now in the same class as Vancouver in affordability. Vancouver is in the same class as Hong Kong, Paris, London, New York, etc... When I think of ridiculously unaffordable Canadian cities, Vancouver is miles away from the rest.