Quote:
Originally Posted by MacDougalbry
I am the last person to defend current price levels. However, this is a factual error in so far as Vancouver is concerned. The median prices for a single family home for all of Calgary is $415000. By compairson, the benchmark price for Maple Ridge (a very far flung suburb of Vancouver) is $457,522.
http://www.realtylink.org/hpi/rebgvh...08&TYPE=buyers |
No-no, my point is based on each cities suburban pricing relative to its core area pricing. (Even if Vancouver's suburban pricing itself is slightly higher on average.)
So in Vancouver, a downtown area home is MUCH more then a far suburban home.
But in Calgary, a downtown area home is only slightly more then a far suburban home.
That would indicate more speculative buying/pricing in Calgary with stronger fundamentals (long term limited land supply, real transportation limitations) in Vancouver.
Claeren.