Quote:
Originally Posted by CliffFletcher
I wonder if one of the reasons we've barely seen a dip in the Calgary real estate market despite the energy bust is the exodus of people moving here from Vancouver.
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It's possible, but I think most of them are heading to the island. The prices in Vancouver are being blamed for the surge in prices in Victoria. I think they said the average price for a detached home here is close to $800k. I've been telling my girlfriend to get sell her condo while the market is still hot and then get into a rental unit until it cools down. She could easily make $50-$100k and then cut her living expenses in half.