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Old Posted Jan 24, 2007, 7:15 PM
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IntotheWest IntotheWest is offline
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Join Date: Jul 2005
Location: Okotoks (Calgary)
Posts: 2,916
Based on those stats, the $20k difference a year - assuming the salaries were to stay the same difference - over the course of a 25 (or 30) year mortgage is $500k extra. That alone will compensate for a substantial increase in prices. However, I agree the "averages" should be shown along with medians...as well as the sampling size.


@Freeweed - We're paying about $1800 a year in taxes in an average looking suburb in SW Calgary (1700 sq ft)...our house was assessed by the bank back in Nov at $450k.

@TV - not sure what constitutes enough "fulfilled life", but I believe many would find enough difference between Winnipeg and Calgary to want to pay extra (milder winters and mountains being the top two).
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