Calgary leads Alberta home prices

Calgary buyers are reaching deeper into their pockets for homes than their counterparts in Edmonton, says CMHC economist Lai Sing Louie.

In all forms of the Battle of Alberta, I fully admit to being a biased Calgarian. Whether it be the sports rivalry or nuances like who has better restaurants or more polite drivers, I’ll turn to the Stampede City 10 times out of 10.

So, it wasn’t a head-scratcher when I saw recent Canada Mortgage and Housing Corp. statistics point to a higher average price for single-family homes in Calgary than in our northern counterpart.

What’s worth noting is the widening gap between Alberta’s two biggest cities. In 2009, a few years into the economic downturn, the price difference seemed like pennies. Click Here

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