Quote:
Originally Posted by nik-
Sounds like everyone who wants to buy a home in Vancouver should give up, immediately lay down in the street and die.
Using a downtown home purchase in one of the most insane real estate markets in the world really doesn't do a whole lot in terms of being an argument. Try a less extreme outlier.
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The same thing is going on in Toronto. Between those two cities that's like 1/3 of Canada's population. To a lesser extent the same thing is going on in cities like Victoria, Kelowna, and Montreal.
It's not going on that badly in Calgary, but Calgary is in the middle of a deep recession with oil prices tanking.
So basically, your choices in Canada are live somewhere expensive or live somewhere without jobs....