Originally Posted by Surrealplaces
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.
Actually, a greater proportion of Edmonton's housing market is in the multi-family category versus Calgary where it is still primarily dominated by the single-family category. So although I would agree that Calgary does pull in more migrants from Vancouver etc., correlating that to 'more' highrise or larger condo market is quite incorrect.
Latest CMHC housing stats Jan - Aug 2007
Single - 4177
Multi - 3551
Total - 7728
Proportion - 54% Single / 46% Multi
Single - 2787
Multi - 3296
Total - 6083
Proportion - 46% Single / 54% Multi