Bright lights, cheap housing: Why you should check out Calgary if you can’t afford a house in Ontario
In an opinion piece published today, personal finance columnist Rob Carrick calls Calgary one of the best remaining bargains in Canadian real estate. That’s thanks in part to Alberta Central’s recently-published report: Rising interest rates to make many Canadian cities unaffordable, prepared by Chief Economist Charles St-Arnaud.
The report looks at valuation and affordability in Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Ottawa and Montreal. It shows Toronto as the most overvalued city in Canada, but little or no overvaluation in Calgary, Edmonton and Winnipeg.
“We have some good values in Western cities,” Charles says in the article.
Read the full Globe article for details on what makes Calgary a great place to live.