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$ X# A& a" w. [ }. R5 {- QThe 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.( l) X0 F/ H8 R# J7 @" I& M8 v+ z
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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./ |6 o+ u0 i, _. Z9 C
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Once 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.) R3 D, H7 A- Q+ G
s, ^) E( D7 N( n- C3 ~It 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. s! @) q6 V+ M6 @
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If 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?
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To 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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