England is far far far more expensive than Calgary, it also makes Vancouver look cheap by comparison. Not sure where that article is coming from. North America is a steal compared to Europe in general.
Housing prices in Calgary are very Oil and Gas connected. The scary thing right now is that Gas is at an extreme low, so if you think Nat Gas will eventually go up, where do you think house prices are going? The people that are sitting on their hands are in for big surprise come 2015 onward.
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