Quote:
Originally Posted by GGG
Edmonton is not overpriced.
The Median family income supports the median SFH. There is still room for that to go up. Alberta was undervalued due to the lack of growth the last 5 years.
A homeowner looking to change the type of home does not affect a housing shortage. They are already housed in a non rental property.
Alberta is not an example of an overpriced market.
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I'd agree that Alberta overall is still affordable. That looks to be changing quickly. Also what kept Alberta affordable was an awful job market. Once again, there's the issue of where do people go that they can actually afford to live. You can afford a house in Edmonton, if you can find a job
With oil prices high, things will obviously change for the job market, bit it looks like prices are already skyrocketing before that extra demand even hits.