- Reaction score
- 1
- Points
- 210
Another factor in some of the smaller mainly military communities were the fairly large number of people coming out of Edmonton ('07-09 especially) that had buckets of cash from their houses going through the roof since the late 90's.
I bought in St Albert in '97 for $113K, sold in '05 for $202K (and that was the end of a bidding war), and the guy that bought my place sold it 13 months later for $425K. It was a nice place, but nothing spectacular.
People coming to Gagetown bought some pretty nice places (and boats, and quads, and campers). Now that those people are getting posted again, they are wanting to recoup their inflated prices and far fewer people are biting (hence the large number of houses in Oromocto west that still have not sold).
I bought in St Albert in '97 for $113K, sold in '05 for $202K (and that was the end of a bidding war), and the guy that bought my place sold it 13 months later for $425K. It was a nice place, but nothing spectacular.
People coming to Gagetown bought some pretty nice places (and boats, and quads, and campers). Now that those people are getting posted again, they are wanting to recoup their inflated prices and far fewer people are biting (hence the large number of houses in Oromocto west that still have not sold).