Quote:
Originally Posted by MacDougalbry
What Vancouver has going for it to keep prices is down is a massive, massive supply of illegal basement suites. Largely because people can't afford to buy unless they are able to rent out their basements. If real estate prices stay high in Calgary, I expect you will see this happen here as well.
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I lived in a basement suite in Vancouver near UBC....just about every house on the block had basement tenants..although i didnt think they were illegal..