Quote:
Originally Posted by Fuzz
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.
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I own a real estate office in Vancouver have sold real estate here for 14 years.
I can tell you Blankall's assessment of people getting family help is very accurate (for our market, not sure about Calgary).
The fact that Vancouver real estate has gone up so much in the past 30 years has resulted in many paper millionaires who can now pass that equity down to their kids & grandkids.
This is how our high pricing still finds buyers, but also the reason it's so difficult for those new to Vancouver or who don't have that leg up.