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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.3 e7 b' V* T, V9 X. m5 \% v d$ X
' T6 H$ x7 L/ A! ?2 B. JI 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.
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; M# P3 u! n* }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.
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( W. F9 t1 P# n9 B' O; f( BIt 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.6 P! E$ n. A( v
/ J: D2 G z+ s: ^2 ^1 w& BIf 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? 3 w8 T4 y: N$ V/ |; `
& g, v# A( a' ~. pTo 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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