Well, according to
this information, wages in Alberta have gone up from ~$700 to ~$1100 a week since 2003, a 57% increase. Substantial, but nowhere near as much as the 150% increase from $225,000 to $575,000 shown in that graph above. Facts are facts, and houses were simply more affordable 15 years ago, and it is not because of your superior work ethic.
And no thanks to living in a POS starter home in Falconridge. Why the fuck would I do that? When I could rent a place in a better community in a better house while also saving more money for a house I do want when I'm ready to buy. Rather than wasting money on interest, transaction costs, maintenance all on a place I don't want to live in.
The most frustrating thing is so many people do follow the advice of 'buy at all costs'. Even though most overstretch and can't truly afford it. This makes the cost to buy more expensive for those of us who are sensible and only buy what we can afford, when we can afford it. Luckily, it's not bad enough in Calgary that house prices are out of control and we're forced to make bad decisions like in Vancouver and Toronto.
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