Quote:
Originally Posted by Ace
I don’t believe higher rates will slow the housing market in Alberta, it’s having the opposite effect, driving people out of Vancouver and Toronto increasing demand here.
If you look at the inter-provincial migration it’s pretty clear. With everything being relative the best way to manage rising costs in Ontario is to move somewhere else.
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Calgary is just late to the Toronto money pandemic-induced exodus.
My extended family lives in Halifax. Houses went from 300k to 750k on my mom's street during the pandemic. In a city/province with laughable wages and sky high taxes.