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The price increased to 450K from 250k in less than 2 years for a 1900sq feet house. It is same as Toronto. Is it still cheap? Don't cheat other people., i4 ^: s: h2 h7 @1 h
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I agree that the house price will not decrease in Toronto or Vancouver. However, here it is quite different. The booming is due to oil and sand projects. I don't know when the price will go down. However, I know it is near the top.8 T+ y- l. @. {
, R; b" I" i) @+ g) N! \7 ]/ ROnce oil and sand projects design is near completion. Many people such as draftsman, technologist and engineer will be layed off. If that is the case in 2 or 3 years, that will be the time for the house price going down.- [4 R2 ?: A6 u2 O- y/ Y
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It is normal for the house increase 3-5% per year. However, it increase 240% in less than 2 years (for example 250k increased to 450k with 60k down payment) here. The market is creazy and some people are crazy too.0 A3 Y' w& O% A. y9 E0 r
6 u/ ?$ m$ ?& ^* L8 N# DIf you were right and I were wrong in 2 or 3 years, many people will choose to buy a house in Toronto or Ottowa rather than here. Do you agree? : \8 d. Q9 p9 |& v f8 @
Z i8 G& z% V0 `& STo sum up, it is not a good time to buy a house either in Calgary or Edmonton. The game is over. |
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