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darklord700 · 01-08-2015, 08:58 AM

This is the first time I heard of the new home absorbed price. But if a new built SFH in Calgary is $627K, that's really high. What income level do you need to support a $627K even with 20% down?

http://calgaryherald.com/business/re..._lsa=9b2b-ddbe

"The CMHC keeps tracks of what it describes as the absorbed price – when a single-detached home is completed and occupied.

In the Calgary CMA, up until the end of November, that price was $627,621, up from $588,179 in 2013."

01-08-2015, 08:58 AM	#2785
darklord700 First Line Centre Join Date: Oct 2009 Exp:	This is the first time I heard of the new home absorbed price. But if a new built SFH in Calgary is $627K, that's really high. What income level do you need to support a $627K even with 20% down? http://calgaryherald.com/business/re..._lsa=9b2b-ddbe "The CMHC keeps tracks of what it describes as the absorbed price – when a single-detached home is completed and occupied. In the Calgary CMA, up until the end of November, that price was $627,621, up from $588,179 in 2013."