3 ms·
Hang on isn't Canada's homeownership rate like >>50%? How is it that you can't afford a house if you're in the 1%?
by dmoy 11y ago
Hang on isn't Canada's homeownership rate like >>50%? How is it that you can't afford a house if you're in the 1%?
- ArkyBeagle 11y agoHousing in Canada never stopped going up in price.
- turnip1979 11y agoPrices increased around 50-100% since 2008. In 2008, the market was considered by many to be overvalued.
- turnip1979 11y agoPrices increased around 50-100% since 2008. In 2008, the market was considered by many to be overvalued.
- gnuthulhu 11y agoWhen I bought my house in Toronto 20 years ago it was 3.5 times my annual salary. Now it is valued at more than 7 times my current salary (doing the same type of work).
- darryl42 11y agoWhen houses start at over 1 million even the bottom of the 1% can have trouble buying. Houses are going up 24% year over year which is much higher then you can save money. Condo prices prices are not going up as quickly so they don't work as a good stepping stone. Out in the burbs if you want to be near transit will still be 600-800 for something livable, actually there doesn't seem to be a difference in price between a tear down and something you could live in. Might be a bit bias as I was out looking at houses on the weekend.
- gnaritas 11y agoMove away from all the rich people. > Houses are going up 24% year over year That's called a bubble, such a rise is not sustainable. Look, you're living in a place full of rich people, so you feel poor by comparison, that's expected, so deal with it or move.
- mahyarm 11y agoIf rents are disconnected from housing prices, you're in a housing bubble. I think you're in vancouver too, so move away!
- manarth 11y agoThis is surprisingly difficult: http://www.crackshackormansion.com/ http://www.crackshackormansion.com/