Peter Menzies: The West Still Wants In
Commentary I bought my first home in Alberta for 60 percent of what the original owner had paid for it a few years previously. That was in 1985, shortly after a couple of years during which tens of thousands of people fled the city, its battered economy, and a housing market in a state of […]
Peter Menzies: The West Still Wants In The author recounts purchasing their first home in Alberta in 1985 for 60% of its original price from a few years prior. This was in the aftermath of tens of thousands of people leaving the city due to a battered economy and a collapsing housing market. For context, the author’s home, which cost around $62,000, was previously bought for approximately $107,000 by its original owner.
- Author bought first home in Alberta in 1985.
- The purchase price was 60% of what the original owner paid a few years earlier.
- The period followed years of people fleeing the city due to economic collapse and a housing market crash.
- The author’s home cost $62,000, while the original owner paid about $107,000.
- In 1983, the author earned $525 a week in the Calgary Sun’s sports department.
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