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Calgary used to be insanely cheap. I had a 1,200 sq ft 2 bedroom in Connaught Gardens (Sturgess building in the Beltline) for which I paid $120K in 1995. I only paid $220K for my 2,600 sq ft house backing onto Fish Creek park in 1997. Prices have only been insane since about late 2005.
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Toronto too was insanely cheap in the mid 90s and I imagine the R.O.C. wasn't any different.