Craig Alexander Atlantic Quotations

We estimate that only Winnipeg and the Atlantic are more affordable than Calgary and Edmonton, but only because home prices in the former two are considerably cheaper than their Alberta counterparts.

Based on long-term factors, including demographics and income growth, the average annual increase in national home prices is likely to be around four per cent in the coming decade, so the recent high single- digit and low double-digit gains cannot persist indefinitely. But, the key issue is whether the adjustment to a more sustainable trend is gradual. The good news is that this is what appears to be happening in Central and Atlantic Canada.