Quote:
Originally Posted by Slava
Well for Calgary, prices were stagnant for ~7 years. So, frankly, a lot of people were welcoming of some growth for a change. If you bought a condo here, you were sitting on dead money for years and you can finally look at breaking even.
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The best I could do was 2009 and this year. The average house price in Calgary went from 420 k to 649k. I have no idea where you get the notion of stagnant.
Outside a small dip or break in the raise of pricing in ... I think was 2019 or 18, the price of housing has consistently gone up well past a reasonable rate of inflation. Canada maybe the least affordable housing in the g20. We aren't a crazy house like Toronto or Vancouver but were on our way