Quote:
Originally Posted by darklord700
Seems like everyone you ask they are making $100K or close to nowadays. $100K is not something one could brag about anymore. A couple could easily pull in $200K. So the current house prices of $400k-$500k look entirely reasonable.
Last week, I saw a great open house for $550K and it was sold in one or two days. Seems like we are back into a mini 2006/2007 again. Interest rate remains the deal breaker but I really don't think BOC can afford to hike the rate by any substantial amount .
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You're comparing significantly above average salaries with average house prices.