Quote:
Originally Posted by photon
Be careful there too, right now lots of small town BC's are booming because of increased forestry, which is in response to the pine beetle thing. But in 5 years when they've cut it all down, those same towns could be in trouble. Which is great if you are buying in 5 years, not so much if you are buying now  |
The thing is if I live in a place like Kamloops and the housing market falls out, and I'm forced to live there, I'm okay with that. I love the weather, love the proximity to the ocean, the lakes etc.. If I live in Edmonton and the housing market crashes, I'll be one miserable S.O.B. who hates his life.
I'm taking the outlook that Canada is starting to emerge in terms of land and value etc....Once thing that always makes land valuable is location. The wealthiest families in longer established industrial based economies in places like Europe and Japan maintained a lot of their wealthe because they owned land, and kept it. Basically they sought out great locations and held onto their land. We still have that chance in Canada to pick a location we like to own land and get it. So I've picked mine, andI'm going to move myself there and hoard it. Canada won't run out of land anytime soon, but the land in the nicest area's is much harder to come by today than it was 15 years ago.