Sunday, March 4, 2007

Edmonton is the new Vancouver....

or so it seems....
"The cost of a 1,000-square-foot, new, two-bedroom condominium concrete highrise is rapidly moving towards $500,000 in this city," Goatcher says. "That's Vancouver prices."

As more condo conversions hit renters, a lot of people will really have to give up their Alberta dreams....

I was reading somewhere that around 25 years ago, at the time of last mania, Edmonton was THE most expensive place to live in Canada. Can it happen again? We just need another year of 50% increase and we will be there....
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