Have Red Deer House Prices Gone Up?

A lot of people believe that the price of purchasing a home (the monthly payment anyway) has gone up since 1979.
I found this advertisement from the very first house I ever had listed back in 1979! You can see here that the prices for a lakefront property in Gull Lake were around $200,000. At that time, the interest rates were 10% and they went up from there to 21% at one point.
If you figure that now you can probably buy the same place for $800,000 or 900,000, the cost per month is exactly the same.
So it’s still not too late to buy a lakefront home or just a home in general.
Don’t just look at the price; look at the cost!
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Bryce/Penny Kander
Realty Executives Alberta Elite