The battle of Alberta has taken on a new meaning this week…
I was chatting with “Calgary UP UP UP” the other day who posed this question: Why are prices for single family homes in Edmonton basically flat when we are seeing such high demand, and Calgary home prices have been on the rise all year?
I have to admit I don’t have a good answer for that question, so I asked Bob Truman who now has a discussion going on his blog on the same topic.
Why are Calgary home owners seeing their property values rise while Edmontonians are stuck in neutral?
The actual numbers:
Calgary single family homes:
Average Jan. 09 – $364k, Now – $413k
Median Jan. 09 – $375k, Now – $410k
Edmonton single family homes:
Average Jan. 09 – $361k, Now – $370k
Median Jan. 09 – $337k, Now – $346k
What do you think?