Quote:
Originally Posted by Hemi-Cuda
They've been saying that for the last 10 years. Vancouver/Toronto show no signs of slowing down, and as more people are priced out of those markets more will start looking towards Alberta. IMO I think the era of finding a detached house of any size for under $500k is gone for good in Calgary
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Caveat... in a specific age bracket or condition... AND we assume Chestermere/Okotoks/Cochrace/Airdrie/Bragg Creek etc. are not going to be under the Calgary banner any time soon going forward.
This also assuming that demand doesn't go away and we don't innovate sub $500K single detached homes (ie: Modern micro detached homes to replace the multi-plex concept). I actually have a buddy in Vancouver who is working on a concept like this where you can build a home, load it on a trailer and deliver it to a land plot.
This and the weird crazy trend of building mini homes on excess land in Vancouver that has starting to pop up. It was described to me as basically you replace the garage with a micro home that you sell, but the land is still owned by the original house and essentially "leased" to the mini home buyer or something weird like that.