Quote:
Originally Posted by #-3
That must be skewed a little bit in some ways, as I assume the Vancouver number does not include, Surrey, Richmond, Coquitlam, Delta, probably even North Van. Is there an average price for GVA?
Calgary is not always comparable to other large cities, because the Inner city and the suburbs are the same municipality. So if you restrict it to houses Between, 16th, Glenmore, Deerfoot, and Crowchild. Whats the average price? $800k+? maybe more?
Not saying Calgary is as expensive as Vancouver, but I don't believe its less than 1/2 the price.
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That's the exact point I made in the post prior to the one you quote. Calgary is more than 7X the size of Vancouver.
However, Surrey, Coquitlam, Langley, Delta are pretty much as far as Airdrie is from Calgary. The distance from Surrey to the Rogers arena is about the same distance from Airdrie from the Saddledome.
The reason houses in Airdrie are $100 000 cheaper than the houses in Calgary is because land value is that much less in Airdrie.
But I agree, the lower mainland is a multicity conglomerate while the Calgary area is mostly a unicity. However we are quickly approaching our parasite towns.
If you want a better comparison, Toronto is much more of a unicity. Single housing prices in Toronto are still about double (1 million+) Calgary's.
Calgary is not in the same class as Vancouver or Toronto when it comes to real estate. And it's not even close