Quote:
Originally Posted by johnnyc
I think it is because Calgary has a very big CBD, and since traffic is pretty much screwed, the the yuppies are moving downtown to be closer to their work. Also I've heard that Calgary has lots of people from Vancouver, Toronto, and other big cities where this urban lifestyle is already common, and they are moving downtown where they are most comfortable. Also, there are a LOT of investors buying these units.
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You pretty much hit the nail on the head. Calgary traditionally draws more migration from the bigger cities, while Edmonton, has traditionally drawn from rural Alberta and Saskatchewan. Folks from Toronto to and Vancouver etc..are used to condo living, and the prices.
A friend of mine just moved here from Vancouver this summer, and had been looking at Condos. To him they all seemed like a bargain.