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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.
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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When I graduated university in 1989 Vancouver was one of the places several of my friends moved as it was the centre of hard rock mining. At the time houses were something like $300k (I don't recall the exact about but probably double or more what they were in Edmonton/Calgary.) We couldn't fathom how anyone could afford to buy a place there or live there. There was no way housing prices could continue increasing, there would have to be a crash eventually. That was 30 some years ago.