Quote:
Originally Posted by GGG
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Also in Calgary the housing price has just tracked inflation since the last peak so many of us here bought post 2007 and paid current market pricing for housing. Outside of Toronto and Vancouver affordability is similar to the last peak.
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I'm not sure you can compare affordability without looking at wage growth. Has it also matched inflation? Other costs, too, like mortgage rates, taxes, insurance etc. But then there are more affordability programs to help out now. I honestly don't know the answer across all costs, but I suspect it is less affordable now.