ATGB

It's no surprise to see why our house prices is #1 in Canada.  Yes we're in the same country as Toronto and Calgary but seriously given a choice why would anyone (Chinese or not) chose those cities over Vancouver unless your job requires you to.  Vancouver just has far superior weather and living environment.  When you factor in foreign money, it's really no rocket science for house prices here to go up.

ATGB

I am not sure about Calgary, but there are many things that you can get in Toronto that you cannot ...
快樂牛郎 發表於 2010-9-28 00:30

Yes I agree that Toronto has a lot to offer in terms of a Metropolitan lifestyle that's still very appealing to singles and young couples but I think Vancouver still offers a more versatile and balanced long term living environment.  I'm not saying Toronto is a bad place at all and that's why the prices there are very comparable to Vancouver.

ATGB

I'm sorry but I really find it hard to feel pity for the younger generation here who complains about the high prices.  With duo household income, I don't see how hard it is to own a home.  If you cannot afford to live in Richmond Vancouver or Burnaby, then just move further East and do a little bit of commuting, build your equity, and upgrade to a nicer one in a few years.  I read somewhere the brand new Concord deveopment in Surrey is starting from $200k?  That sounds very affordable.  Or if you can't afford a brand new home, get an older one and do some reno.  If there is a will, there is a way.  I think many complainers just have too many sitipulations and expecations for the first property and they try to wait for that 20% drop. Well Guess what, the train doesn't wait.  Try owning a decent place in Hong Kong these days.  Anything below 2.5 mill HKD are all tiny pieces of crap.  There's really nothing to complain about here.

ATGB

There are still many choices for $700K and no it doesn' have to be a crack shack.  There are  brand new houses near the Queensborugh area starting at $550k or go further East, or there are older but still decent ones near South Burnaby.  

If the "house" factor is not part of the buyer's restrictions, then there're very nice condo for $700k in prime areas.