This is Toronto real estate market. Crash will be epic, Some how I think it will have some ripple effect on Calgary as well.
http://projects.thestar.com/race-to-rhodes-ave/
$717,000 for half a house?...............25 bidders?
That means there are still 24 buyers out there looking up and down the street.
The owner paid $525,000 to buy the place a year earlier.
I really don’t understand calgary bidding war as well. Disposable income vs housing prices doesn’t support this, unless there is major changes in income as compare to 2011.
These are just my views
..
