47% of Calgarians believe real estate prices are too high

Dec 19 2017, 11:10 am

Despite the economic downturn that has plagued the province, it seems Calgarians still think real estate prices are too high in the city.

Nearly half of respondents said in an Angus Reid poll that they believe housing in the city is “high” or “unreasonably high,” with only 9% saying prices are “maybe a bit low.”

The attitude of Calgarians largely mirrors that of the majority of Canada. Even outside of Vancouver and Toronto – the two most expensive cities for real estate in the country – 55% of Canadians feel the price of a home in their community is “high” or “unreasonably high.”

Additionally, many Canadians feel government should intervene in the real estate market. About 66% think the government should get more involved, although new mortgage rules were recently instituted that aim to slow hot markets.

Image: Angus Reid

Image: Angus Reid

DH Calgary StaffDH Calgary Staff

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