To make it right, it's a townhouse, with 1584sqf, not counting the apprx 1000 sqf basement nor the double attached garage. Has 3 bathrooms, 3 bedrooms.
16 feet high cathedral ceiling.
Anyways, pensions are inflation adjusted. I guess they might not do that in America ?????!!!!
Just like your current tax cuts, taking funding away from SS to give tax cuts.
Canada did the opposite last January, we all got a tax hike to pay more into Canada Pension Plan.
btw, bought this townhouse almost brand new (2 years old) in 2005 for $198.000 (back then probably $130.000 US dollars).
3 years ago the smaller 1260 sqf unit sold for $375 K !
Today it's more realistic, not because of a housing slump like in the US, but because this city just stopped booming once the price of oil fell.
People were paying rediculously over the value.
I could have gotten back then an easy $425 for mine. Now, I'll be happy with $350-$375K. But, I'm not selling until I fully retire and move away anyways.
Besides, 2 new pipelines are probably being built soon out of Edmonton (Keystone to Texas and Enbridge to the west coast - for Asian markets).
The local news has already reported that a big labour shortage will begin in Alberta again, very soon.
I'm looking forward to that - nice high paying, over quailfied jobs that people wouldn't normally get, are suddenly open to almost anyone that just wants to give it a try.
That's nothing new to Albertans. That cycle keeps repeating itself, over and over, again.