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Old 03-21-2018, 08:56 AM   #101
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what were they ranked say before the crash and NDP government?
We've floated between 28 and 33 on this particular list.

https://en.wikipedia.org/wiki/Mercer..._Living_Survey
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Old 03-21-2018, 09:04 AM   #102
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On a global scale we should always remember that Calgary has some of the essentials of liveability that are almost unparalleled on earth. We are true 1%ers in terms of global standard of living and quality of life:

We are politically stable
Our environment is clean
We have a very safe city
Our healthcare is strong
We have reliable and high quality infrastructure
Our public education is excellent
Our incomes are high
We have a well integrated, tolerant society of people from all over
We have superb recreational amenity
We have a growing vitality in our cultural scenes

Our biggest issue is our commodity-driven boom and bust cycles, which cause a lot of upheaval. The biggest mission has got to be to find ways to smooth that out. It might mean the highs won't be as high, but hopefully the lows won't be as low. As we become bigger, just by consequence of having so many humans our economy diversifies, but we need to really continue to evolve our energy sector and drive some other primary industries to keep that quality of life high.
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Old 03-21-2018, 09:23 AM   #103
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We're an amazing City to live in and I love living here, but we're not up there with other Major Metropolitan Cities.
Thank #### for that.

I wouldn't want to live in one of those places.
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Old 03-21-2018, 09:25 AM   #104
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Who knows, but I would be surprised if my kids spend their adult lives here. Not that the city will shrink or anything, but there’s little to bring jobs and investment in, and still reasons why they’re leaving. Opportunity will mostly be elsewhere.
Where? Winnipeg? Hamilton? Halifax? Kelowna?

I do wonder about the economy of the future. Will the most ambitious and skilled young North Americans move to 8 or 9 megacities where houses cost a couple million? What about everyone else?
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Old 03-21-2018, 09:33 AM   #105
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what were they ranked say before the crash and NDP government?
Still 33rd in February 2015

https://www.mercer.ca/en/newsroom/20...ey-canada.html

So should they be criticized for holding us back from climbing the list or praised for maintaining our ranking in spite of the recession? In your view how did the PCs let us slide from 28th in 2010 when the economy was booming at that time and the NDP were not in office?

http://www.longwoods.com/newsdetail/1472
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Old 03-21-2018, 09:42 AM   #106
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Still 33rd in February 2015

https://www.mercer.ca/en/newsroom/20...ey-canada.html

So should they be criticized for holding us back from climbing the list or praised for maintaining our ranking in spite of the recession? In your view how did the PCs let us slide from 28th in 2010 when the economy was booming at that time and the NDP were not in office?

http://www.longwoods.com/newsdetail/1472
Come on now. Everyone knows if the PCs were in office, we'd hold ranks 3, 2, and 1.
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Old 03-21-2018, 11:30 AM   #107
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I’d sure like housing prices to take a dramatic hit. I know a lot won’t like that but I sure would.
Why?
House prices in Calgary are not high.
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Old 03-21-2018, 01:27 PM   #108
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Why?
House prices in Calgary are not high.
Compared to Vancouver and Toronto? No. Compared to historical prices? They're high. The average house used to cost three times the average annual income. Way higher than that in Calgary today.
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Old 03-21-2018, 01:31 PM   #109
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Compared to Vancouver and Toronto? No. Compared to historical prices? They're high. The average house used to cost three times the average annual income. Way higher than that in Calgary today.
What is the average interest payment as a function of income? That really is the measure of affordability. The natural consequence of low interest rates is higher housing prices but the total monthly payment is unchanged.
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Old 03-21-2018, 01:51 PM   #110
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Oh sorry old wise one. I do admit i do not have Solomon's wisdom. So i guess ACB is operating their 2 major facilities in Alberta in someone's backyard and they would have zero production past mid October? ok.
Yes, sonny. ACB doesn't use greenhouses. Also they are losing money hand over fist. Just because some company builds a shack doesn't mean they're actually doing well.
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Old 03-21-2018, 01:57 PM   #111
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What is the average interest payment as a function of income? That really is the measure of affordability. The natural consequence of low interest rates is higher housing prices but the total monthly payment is unchanged.
That’s not necessarily true though. Higher interest on a lower principle amount would somewhat even out the interest factor. Mind you amortization periods have increased as well adding additional payments. I agree that it’s not as simple as comparing house prices to income, but it’s also not as simple as comparing the interest rates without taking into account things like down payment amounts and amortizations. One thing’s for sure, the banks always seem to win no matter what. I think if you took most professions and compared what kind of housing people working in those fields were able to afford in the early 90’s and compared that to what a person working in that profession is able to afford today the person working in the 90’s would have the better property relatively speaking.
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Old 03-21-2018, 02:01 PM   #112
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Yes, sonny. ACB doesn't use greenhouses. Also they are losing money hand over fist. Just because some company builds a shack doesn't mean they're actually doing well.
Is this a joke?
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Old 03-21-2018, 02:04 PM   #113
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My first house was $195K in 2002. Monthly payment: $880. Mind you, my first mortgage was extra-special so for parts of it I was paying 0.75% interest.

That same house is now $395K. Monthly payment: $1730

(down payment of $30K)

House prices are sticky (they're not fungible commodities trading on a liquid market) and housing demand is inelastic (people need shelter to not die) so rises in interest rates will not be enough to lower house prices materially.
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Old 03-21-2018, 02:07 PM   #114
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Is this a joke?
Type "aurora facilities" into Google. You do know how to use Google, yes?

Oh here, I'll save you the work.

https://investor.auroramj.com/facilities/

They are simply warehouse spaces. All light is artificial.
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Old 03-21-2018, 02:28 PM   #115
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Why?
House prices in Calgary are not high.
Average income can’t afford average house. That’s my definition.
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Old 03-21-2018, 02:34 PM   #116
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Originally Posted by Shazam View Post
Type "aurora facilities" into Google. You do know how to use Google, yes?

Oh here, I'll save you the work.

https://investor.auroramj.com/facilities/

They are simply warehouse spaces. All light is artificial.
Perhaps you should follow your own advice:
Aurora Sky


And to call these "simply warehouse spaces" shows your complete lack of understanding of the operation.
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Old 03-21-2018, 02:40 PM   #117
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In 2015 the Median Family Income in Calgary was 104,410 (Can't quickly find 2016)

Last month the median house price was $495,000

So the median family income can afford the median house in Calgary.

EDIT (Not sure why my quote function isn't working!)
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Old 03-21-2018, 02:45 PM   #118
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Originally Posted by Shazam View Post
Type "aurora facilities" into Google. You do know how to use Google, yes?

Oh here, I'll save you the work.

https://investor.auroramj.com/facilities/

They are simply warehouse spaces. All light is artificial.
Flacker kinda beat me to it. Even if they weren’t using traditional green houses I think it’s pretty obvious the OP’s point was they weren’t growing outdoors.

Care to elaborate on your claim they are losing money hand over fist?
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Old 03-21-2018, 03:18 PM   #119
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Originally Posted by iggy_oi View Post
Still 33rd in February 2015

https://www.mercer.ca/en/newsroom/20...ey-canada.html

So should they be criticized for holding us back from climbing the list or praised for maintaining our ranking in spite of the recession? In your view how did the PCs let us slide from 28th in 2010 when the economy was booming at that time and the NDP were not in office?

http://www.longwoods.com/newsdetail/1472
you're defensive for no reason this time.

someone said Calgary was 33rd. I asked what the rank was before the current financial and political changes, so there would be some context to the ranking.

I didn't say any for or against the NDP in my question.
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Old 03-21-2018, 03:55 PM   #120
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In 2015 the Median Family Income in Calgary was 104,410 (Can't quickly find 2016)

Last month the median house price was $495,000

So the median family income can afford the median house in Calgary.

EDIT (Not sure why my quote function isn't working!)
That's an average single detached house as well not the average property so the true average is actually lower.
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