Quote:
Originally Posted by Claeren
Calgary could easily build as many homes around itself as Toronto has (3 Million homes?) and still have those homes closer on average to the core then Toronto. YET Calgary's perifery pricing is much more then Toronto's pricing relative to the core pricing in each city. It just does not add up in the long term.
Claeren.
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So you've drawn a few circles around the core of each city and said everyhing in this radius should be X:1 ratio in price compared to the core.
Conceptually anyway.
Interesting idea, but I'm not sure the markets work that way. Even if they did it could be that our core is undervalued, not the other way around.
And land is unlimited everywhere. I'm not sure what makes bald prairie so special that we can build out easier than Vancouver or Toronto. Hell we'd have to build out for a few more decades to get even close to where they are anyway.