My wife and I are leaving Calgary for Saskatoon. We are selling our condo and buying a house for cash (NO mortgage, thousands of dollars a year NOT paying interest). Calgary is not just "too expensive", it has been eliminated as an option for a lot of people. In Sask, we have clear title on a house, no debts, jobs available) and the chance to build a future.:lol:
If you are younger, just married, starting out etc etc. Calgary (Alberta in general) is simply not an option. Even with 150K downpayment (yes, that much) we have very limited options for home purchase. There is no future if we can't even think about getting a house, family etc.
One less couple NOT buying one less over-priced house. If I was a retiring baby-boomer, I'd be very concerned about this trend. Your retirement money is draining out of Calgary very, very fast.:-(
If you are younger, just married, starting out etc etc. Calgary (Alberta in general) is simply not an option. Even with 150K downpayment (yes, that much) we have very limited options for home purchase. There is no future if we can't even think about getting a house, family etc.
One less couple NOT buying one less over-priced house. If I was a retiring baby-boomer, I'd be very concerned about this trend. Your retirement money is draining out of Calgary very, very fast.:-(