I mean if every other province didn't subsidize the O&G industry I bet there would be a pst
It seems like every Canadian housing story will quote Mike Moffat.
I wonder if it helped at all or if they were all snatched by rich housing barons.
Not a total surprise. We have a surging population in AB, with the highest intraprovincial migration in Canada. A young and able population with a decent supply of trades workers. And a fully functional Landlord/Tenant board that actually works, plus no rent control on pricing making it VERY popular for the constricted landlords in BC and ON to cash out and bring their capital to build in AB. And single family homes in the cities are 'reasonably priced' compared to those provinces, where you can still buy a decent home for 650k. In the smaller centers, you can still buy a decent very livable home for 350k and in the small towns, under 250k.
50 year mortgages on buildings with a 25 year design life. They are just time shifting the problem onto the next generation.
Aren't new mortgages still limited to a twenty five or thirty year amortization?
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