A Couple of Outrageous Examples...
It's not only the Calgary real estate market that is insane - Vancouver is pretty crazy too. A couple of quick examples...
A Calgary listing for $189,000, in an admittedly sub-prime (read: sketchy) area of the city. Land value only? Except that Calgary has no natural boundaries and just keeps expanding and expanding and expanding...
This one really had me scatching my head...I even checked MLS in Vancouver for accuracy. Seems that listing is no longer valid, but I did find this one listed for $1,149,000. Pure insanity. A 9-bedroom French chateau on 30 acres, or 2000 sq ft "Old timer" in Marpole, Vancouver West. Lest you think the French property is a hoax, check out a whole lot of similar chateaux here.
The inmates really are running the insane asylum.
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Julie