Since 2012, the benchmark price of a detached home in Calgary has gone up $197,000. In Greater Vancouver in the same time frame, the benchmark price has gone up by $1 million. What was $435,000 in 2012 is now $632,000 in Calgary. What was $1,065,000 in Vancouver in 2012 is now $2,037,000. We gained 45% over that time, Vancouver gained 91%. I think the big thing to consider is not just % gain but the actual total price gain. We live in one of the most reasonably priced areas in Canada and Alberta has a great outlook. Just a little positiveness for your day and be grateful you aren’t a first time home buyer in Greater Vancouver or trying to do an upsize of your home there.
