Quote:
Originally Posted by blankall
I don't disagree with you, that most people can't afford the ludicrous prices of real estate right now. I couldn't be more in agreement with that.
The properties are, however, selling. They are largely now selling to local people. Once again, the driving factor looks like help from parents. Down payment and co-signers. It's a trend that has overtaken Toronto/Vancouver and is now spreading to other cities.
|
Isn't Millertime a mortgage broker? I think I'll take his word on this over your suspicions. I suspect he has plenty of direct experience.