Isn't that the truth. Took me nearly an hour to get to some work sites this summer, though I was in the south west corner. The construction on Glenmore didn't help. Build up, not out!:smile:
The Real Alberta Boom
- Thread starter Jsan
- Start date
Isn't that the truth. Took me nearly an hour to get to some work sites this summer, though I was in the south west corner. The construction on Glenmore didn't help. Build up, not out!:smile:
Let the market decide. hahaha When in all of recorded history has the market ever decided anything other than, "what the market will bear".? These days who is "the market"?
Looking at my post back in May, I said I'd stay in Ottawa. Now I'm here in Edmonton after vowing to stay in one of the best cities in the country. The lure of the dollar is a powerful thing.
Taken Directly from Wikipedia:
... Calgary has experienced issues such as urban sprawl.... an affluent population that can afford large homes and properties, the city now has only a slightly smaller urban footprint than that of New York City and its boroughs, despite having less than one-eighth the population of New York City proper. This has led to difficulties in providing necessary transportation to Calgary’s population, both in the form of roadways and public transit. It has also led to an interpretation of the city as being a “driver’s city”.
Actually, employers are scaling down, moving, or asking their workers to go on salary (unpaid overtime). Mobility, which was huge for workers two years ago, is gone. Leave a job before two years are up, and good luck finding a replacement position anywhere in the same industry.
Housing is through the roof, yes, and a lot of landlords who bought before the boom are cashing in with horrific rent increases. Soon there will be an easing of supply as speculators (evil pricks) go broke because their over-leveraged condos are not appreciating fast enough in value to cover the financing costs.
This is one case where I love capitalism.
Pangloss
Yep it's citigroup thing, buy at 425k - now worth 375k - 50k gone into thin air - keep it and your mad, walk away and the banks mad - better the bank mad.
... and Calgary's average house price has fallen from $505 920 in Aug 2006 to current avg of about $450,000. Lower priced are indici of a market that is more competitive overall, and also one where the number of sales in the upper price bracket (700k +) have dropped substantially.
(And that's coming straight from the Horse's mouth - my Boss, a Calgary Realtor for 24 years - he knows his stuff! www.calgaryhomepros.com)
(And that's coming straight from the Horse's mouth - my Boss, a Calgary Realtor for 24 years - he knows his stuff! www.calgaryhomepros.com)
I agree - There has been agressive marketing buy Sask, as well as the Maritimes, promoting shorter commutes to work, and the Maritimes saying 'come back home'. So many people have moved west, that they are starting to see shortages of workers out east!
CNRL one of the biggest oilsand plants going up in MacMurray would rather fly people in and out of their site rather than pay Albertans wages that are required to live there.
Canadian Natural is one of the most selfish and greedy corporations in Canada working there is like working in a totalitarian state- lousy food, lousy lodgings, lousy Safety, Inferior building practices and materials- won't be surprised if it explodes during startup. we called the foreign workers oompaloompas because of CNRLS total control over them.
Canadian Natural is one of the most selfish and greedy corporations in Canada working there is like working in a totalitarian state- lousy food, lousy lodgings, lousy Safety, Inferior building practices and materials- won't be surprised if it explodes during startup. we called the foreign workers oompaloompas because of CNRLS total control over them.
time
I know what you mean, before I moved back to the Countryside I rented a one bdrm condo in Edmonton and it was bought by a couple for 185,000 I had a year lease for 700.00/mth and by my calcs that would only cover about half the expenses of owning it 1100.00 mort + 200.00 condo fees +200.00 taxes when the lease ran out they wanted to increase my rent by 300.00/mth to a 1000.00/mth - not likely, I moved. I am not paying for someone elses short sightedness.