Hi everyone, I've read a ton of real estate topics on these forums for a few years now and I'm looking to buy a house this time next year. I've narrowed by choices down to 2 areas, and thought I would get people's opinions on this wonderful board!
My husband and I have decided we want to live in either Lake Bonavisa or Mahogany. Our budget is around $650k. The main pro of Lake Bonavista has a much better commute. But in Mahogany we would get a really big house and all brand new. So for us, we feel it's even, we can't really decide.
So the deciding factor for us at this point (but could change after this forum maybe! ) is appreciation potential. What are your thoughts on which one would appreciate more after say 10 to 15 years (we'd be there for the long term)? On one hand, my thoughts are that Bonavista is already priced high and fully developed, and so there is not much room left for appreciation. But then my other thoughts are that it still will appreciate considerably because Calgarians love being near C-train and also closer to the core the better. On the other Mahogany is only a few years old, and not fully developed and so maybe appreciation there is likely to be more significant ? But then people always say appreciation in the burbs is much slower.
I would love to hear people's thoughts on this, thanks a bunch!