Quote:
Originally Posted by you&me
What a strange conversation...
Taxing old ladies out of their homes because they don't have kids at home any more?
$200k down payments like it's the norm
RRSPs vs. the only leveraged investment most people have, or are willing to access.
I get that blankall is looking at this through the lens of Vancouver real estate and in that sense, it's understandable he'd have the opinion that drastic measures need to be taken... But LOL at anyone wanting to or thinking the same heavy-handed measures should or need to be applied to Calgary... Sure, things can be tweaked and made better, but let's not lose sight of the fact that blackall is looking at this from the perspective of living in one of the most over-valued, least affordable markets in the world.
|
And Calgary seems quickly headed in that direction. Given current immigration rates, it's inevitable that every desirable city in Canada will begin to look like Vancouver soon. I'm not sure how anyone in Calgary, who saw a 25% spike in their home value in the face of rapidly rising interest rates and potentially a recession can't see that.