I guess in terms of housing, that's true. But there is still construction everywhere. They are spending billions on widened highways, new bridges and the REM light metro.
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- Thread starter kora
- Start date
darwink
Senior Member
Quebec is much larger in population but expenditures are lower or similar
trtcttc
Active Member
Is this public sector spend or private as well? I imagine Alberta non residential capital investment is very high because of O&G.
Bingo. Affordability is more about household incomes compared to house prices. Montreal is considerably less affordable than Calgary. The price of house in Montreal is not much less than Calgary, but the average household income is 2/3rds of Calgary.
And these numbers are recent. 6 months or a year ago Montreal's average house price was actually higher than Calgary's. I don't know what the property taxes are in Montreal, but I've always heard that they are higher than Calgary, so that would factor in as well.
Mountain Man
Senior Member
Moncton looks like a great place to buy!
CalgaryTiger
Senior Member
To my eye, Quebec looks like the spot.
I wonder why Moncton's household income is at that level?
darwink
Senior Member
Moncton might we weird due to City vs CMA. They have a contiguous city and town. Or the report is looking at households with mortgages not all households. Have a link to the report?
CalgaryTiger
Senior Member
From the internet:
"Moncton's economy relies heavily on the export markets, particularly services-based exports". (Read: Call Centres)
"Moncton's central location in the Maritimes has the largest catchment area in Atlantic Canada with 1.4 million people living within a three-hour drive of the city"
I honestly had no idea the are had that many people. I can see why the CFL sees opportunity in the Maritimes.
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trtcttc
Active Member
Don't think this was posted but interesting read on Calgary's relatively high proportion of working people. It's likely because Toronto and Vancouver have many wealthy immigrants + the run up in housing prices made a lot of people rich without a full time job.
Housing Starts for June:
Toronto 7171
Vancouver 3905
Calgary 1,239
Ottawa/Gat 1028
Edmonton 960
Montreal 908
Of Calgary's 1239, 518 are SFHs. Of Toronto's 7171, only 370 are SFHs, for Vancouver a similar deal, of the 3905, 350 are SFHs.
Toronto 7171
Vancouver 3905
Calgary 1,239
Ottawa/Gat 1028
Edmonton 960
Montreal 908
Of Calgary's 1239, 518 are SFHs. Of Toronto's 7171, only 370 are SFHs, for Vancouver a similar deal, of the 3905, 350 are SFHs.
darwink
Senior Member
It is less than 3 hours from Halifax, 2 hours from the Halifax International Airport. It ends up on the wrong side of the 'break the Calgary habit' airport wise. Then its airport hasn't gathered enough flights to aggregate traffic from Fredericton, Saint John, and PEI.
There is a perennial NB policy issue - go all in on a new airport positioned (or one of the existing ones) to serve the three cities, or continue to try to support better air service for three centres.
Calgary Housing starts for the first half of 2023
Of the 3506 multi-family, 1255 were started in DT, inner city, or established areas. I'd like to see the number higher, but it's not terrible. The last 4 months have been slow, with only 134 new units started in in DT, inner city, or established areas. Let's hope that picks up.
| SFH | Semi-Detached | Row | Multi-Family | Total | ||
| 2516 | 806 | 1281 | 3506 | 8106 |
Of the 3506 multi-family, 1255 were started in DT, inner city, or established areas. I'd like to see the number higher, but it's not terrible. The last 4 months have been slow, with only 134 new units started in in DT, inner city, or established areas. Let's hope that picks up.
AJX
Active Member
I googled this because it didn’t seem to add up and results show Moncton around 70-80k for household income, which makes more sense.
I have relatives there and have spent time there, I’m 99.9% sure the average household income is much less than 100k.
August Housing Starts out
SFH -- Dup -- Row -- Apt
Calgary
495 -- 118 -- 288 -- 779 -- 1,680
Edmonton
481 -- 94 -- 255 -- 641 -- 1,471
Montreal
62 -- 10 -- 25 -- 1,199 -- 1,296
Ottawa
216 -- 28 -- 226 -- 775 -- 1245
SFH -- Dup -- Row -- Apt
Calgary
495 -- 118 -- 288 -- 779 -- 1,680
Edmonton
481 -- 94 -- 255 -- 641 -- 1,471
Montreal
62 -- 10 -- 25 -- 1,199 -- 1,296
Ottawa
216 -- 28 -- 226 -- 775 -- 1245