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Originally Posted by ken0042
Shane- why are you looking at buying right now?
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Main reasons are because between here the last 2 years and 3 yrs in NB we've been renters. We're tired of paying the mortgage for someone else. We come here and watch the prices climb $100,000 in the last year and the longer we wait I honestly don't think the prices are going to come down. So the longer we wait the less likely home ownership in Calgary will happen because let's face it peoples salaries aren't going up comparable to housing costs. So we're left with a few options really.... try to get a mortgage in the next few days and try to find a place that's available immediately, try to find adequate rental housing in a city with one of, if not the lowest vacancy rates in the country, or take our hard earned downpayment money pack up our belongings, quit our good jobs here and move somewhere else in the country and start a new life.