Quote:
Originally Posted by blankall
$880 in today's dollars is $1,187.46. A pretty big difference from $1,700.
That being said, your neighbourhood may have improved substantially. As a city in Canada grows, the inner city neighbourhoods tend to become more expensive over time, as they mature and the city around them grows.
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So the mortgage servicing cost has risen about 40%... What about wages? Without googling, I'd guess that wages in Calgary have seen a similar increase and the overall affordability has remained fairly flat.