PxtlCanada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg
M0oP0oEven though I had to pay though the nose to buy a house years ago, I hope for a crash so that people are not screwed forever more.
What I find really odd is the commercial market in smaller towns, its cheap as shit.
rabBecause there’s zero opportunity in small towns. Another major issue with Canada right now
KecessaRemote work is a thing now and small towns = smaller mortgage so you don’t need to shop for a job with the same salary as you would in the city…
I’m shopping for a house in a small town at the moment and I’m finding things as low as 200k and I just sold my one bedroom condo in the city for close to the same price…
Not everyone can work remote
Thanks for not reading the rest of what I wrote
mercThere are a lot of jobs that only exist in big cities.
Sure, you make your choices and deal with the consequences, if your professional life is more important than owning a house then go ahead and live in an environment where you can’t expect to own one.
Reminder: People owning a house in the city is an historical anomaly and is unsustainable.