Quote:
Originally Posted by 81MC
JC. Isn’t a $550k mortgage like $2500/month...before an interest rate hike? Property tax and heat, and I have to think this whole thing is a house of cards in a wind storm. $3000 a month for a god dammed house, and they’re selling like hot cakes? Man, I’m looking at jobs, and I just don’t see how there’s enough people making enough money to support this market.
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Calgary in one of (if not the most) affordable cities in North American when you look at average household income vs cost of housing
https://www.zoocasa.com/blog/canada-...ty-comparison/
It is one of the few cities that didn;t experience a 20-40 % jump in prices over the last year
Supply is at an all time low. While housing in a lot of places is out of whack, Calgary isnt actually one of them