Quote:
Originally Posted by darklord700
You got me right. I'm paying say 20% more to upgrade. So the 20% in theory will be smaller in a down market than in an up market.
But I guess you are right that unless there's drastic decrease or increase in prices, it doens't matter too much at 20% or so.
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There was an article in the Herald today or yesterday which suggested it was becoming more difficult for people to move out of their starter homes because the homes in the higher end of the market were appreciating in value more quickly than the starter homes. I looked for the link just now but its no longer on the Herald's front page.
Edit: Found it:
http://www.calgaryherald.com/busines...796/story.html
Another Edit: This is crazy --- "Average annual MLS sale prices in Calgary have climbed from $256,327 in 2005 to $456,595 last year. Year-to-date until the end of August, the average price for 2014 was $482,185."