Quote:
Originally Posted by Sylvanfan
The other thing to keep in mind too, is what is the upside on the value of your house. Oil won't boom forever, but I still think there is good potential growth for house prices in places like Calgary and Edmonton if interest rates stay relatively low for at least another 10 years. Do you have that growth oppurtunity in a place like Winnepeg?
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that's very true. when I left Winnipeg 7 years ago to return home to Calgary I complained to my neighbour that to purchase a very equivalent home in Calgary I was paying (at that time) almost exactly 2 times as much...and he replied that that was true, but in 35 years when both of us wanted to retire to Victoria (hypothetical) my house might be worth 4 times more than his...that does appear to be playing out, despite the mini-boom in Winnipeg real estate (although of course Calgary is riding an insane high right now)
anyways I do agree that Winnipeg is a v underrated city and could be a good option for the original poster. It's not that hard to avoid the crime there, IMO