Quote:
Originally Posted by shreddog
How do you figure??
According to Rentboard ( NW and Calg), all categories are cheaper in Calgary. And then there's food (same or cheaper in Calgary), Gas (much cheaper), insurance (way cheaper), clothes (same), buying a house (much cheaper), no provincal sales tax, monthly transit passes (2/3's cheaper), etc, etc.
So how do you figure is " a bit lower"?? |
The links you provided show only rental rates, but not any of the other categories you mentioned. This site does though...
https://www.numbeo.com/cost-of-living/co...2=Calgary&tracking=getDispatchComparison
So who are what do we blame high rents on? Chinese speculators and money launderers? Nope. It comes down to supply and demand. It has to.
If rental rates are not affected by foreign money, how have rents become detached from the local economy? If rental rates can become detached from the local economy without the help of rich Chinese, then it stands to reason that home ownership can become detached from the local economy without the help of rich Chinese.
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