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Originally Posted by AltaGuy
I just went the other way. Well, sorta. From Calgary to Montreal to Vancouver. So from Calgary to the most affordable big city in Canada and then to the least - well maybe TO and Van are tied.
This place is ridiculously expensive. I literally pay double my old rent in Mtl and there is no hope of buying anything any time soon. And I make a lot of money and my spouse makes even MORE. (None of that is true, but we do fine).
It is beautiful here, and the weather this winter has me wondering why I didn't come earlier because real cold doesn't agree with me. One thing I've come to believe is that real estate simply won't ever come down in Van. Sky's the limit. There will always be people coming here from everywhere and bringing money with them. I can't really foresee property values dipping ever. If anything, it might become a little like NYC - nobody lives in Manhattan except the ultra wealthy, and people with normal jobs commute from the burbs to serve the rich.
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I came from London to Vancouver in the 80's because there was no chance in hell I would ever be able to afford to live in London. its never become affordable since then frankly, Vancouver will always be a desirable place to live, I do think its over priced but the new wave of Hong Kong immigrants I suspect we are about to get will keep the prices up even though they are too high, if I was in my 20's or 30's I'd probably be looking to Naniamo or Victoria to buy in