I had a chat with my realtor today and what he said lines up with what you said, Vlad. They're dealing with lots of people from other markets looking for investment properties and a few looking to move to Calgary.
On a somewhat related note, my parents place in Kelowna went up 37% in value in 2021. It's now worth 4.5x what they paid for it in 1990. Easy to see why people would look elsewhere for properties.
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