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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.
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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." ^3 j3 \' \' m7 i
) x% B0 B# O) YOnce 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.( ?5 |6 t$ A# ^7 ?: B9 a6 l, ?
5 y( T7 T9 } Q8 f; n* e( x6 QIt is normal for the house increase 3-5% per year. However, it increase 330% 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.
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- d, m. W8 a0 K+ G, M, m6 |6 sIf 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? : q" K$ d8 N1 x# ~
# D8 o. h7 w$ H) D8 HTo 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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