Quote:
Originally Posted by The Yen Man
The pace of suburb condos going up is insane though (up here in Sage Hill, they have several projects going on at once). I think the housing market in Calgary is still pretty warm, but I don't think the condo market is (or ever has been to be honest).
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Apparently, the condo market in Calgary is expected to rise:
https://calgaryherald.com/business/r...20%24286%2C562.
Quote:
Calgary’s real estate market has “bucked the trend,” the report notes, as it continues on its upward price trajectory.
Condominiums are expected to see the largest price jump, projected to increase 9.5 per cent by the end of the year to $286,562. Meanwhile the median price of a single-family detached house is expected to rise six per cent to $803,692.
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As long as population growth continues at a record rate and the government doesn't fix supply issues, prices will go up. A lot of levels of government are forcing through measure to increase supply, but it'll be years before those measure actually translate into more supply. Even then, will that supply account for the 3-6 million new Canadian residents over the next 3 years or put Canada even further behind?