Comments on: I Live In The Most Expensive City In Canada http://www.johnchow.com/i-live-in-the-most-expensive-city-in-canada/ The Miscellaneous Ramblings of a Dot Com Mogul Tue, 02 Dec 2008 19:00:57 +0000 http://wordpress.org/?v=2.6.5 By: tygerclaw.com ~ A Canadian Geek » Timmins mentioned by another blogger as cheapest place to live. http://www.johnchow.com/i-live-in-the-most-expensive-city-in-canada/#comment-33544 tygerclaw.com ~ A Canadian Geek » Timmins mentioned by another blogger as cheapest place to live. Tue, 06 Feb 2007 03:12:47 +0000 http://www.johnchow.com/index.php/i-live-in-the-most-expensive-city-in-canada/#comment-33544 [...] To see the article, go to: http://www.johnchow.com/i-live-in-the-most-expensive-city-in-canada/ [...] [...] To see the article, go to: http://www.johnchow.com/i-live-in-the-most-expensive-city-in-canada/ [...]

]]> By: Robert Bircher http://www.johnchow.com/i-live-in-the-most-expensive-city-in-canada/#comment-17711 Robert Bircher Fri, 29 Dec 2006 01:17:21 +0000 http://www.johnchow.com/index.php/i-live-in-the-most-expensive-city-in-canada/#comment-17711 I think John makes a good point,Vancouver,where I live, is a great place to live in many ways but the recent astronomical increase in prices has many young people heading west to places like Saskatoon or smaller prairie cities where they can afford a nice house.At current prices the average person has no realistic hope of ever owning their own home here unless they have been in the market for a while.In addition, it is incredibly risky to buy here now since the market has hit an affordability wall, meaning prices have nowhere to go but down.Many people under 35 have never seen real estate go down in value and falsely believe it never will.As many readers know the US market has begun the inevitable correction meaning Canada will not be far behind. At this point,if you want to own real estate, a good strategy is reconsider how important it is to stay in Vancouver or to wait to see how much prices fall. I think John makes a good point,Vancouver,where I live, is a great place to live in many ways but the recent astronomical increase in prices has many young people heading west to places like Saskatoon or smaller prairie cities where they can afford a nice house.At current prices the average person has no realistic hope of ever owning their own home here unless they have been in the market for a while.In addition, it is incredibly risky to buy here now since the market has hit an affordability wall, meaning prices have nowhere to go but down.Many people under 35 have never seen real estate go down in value and falsely believe it never will.As many readers know the US market has begun the inevitable correction meaning Canada will not be far behind. At this point,if you want to own real estate, a good strategy is reconsider how important it is to stay in Vancouver or to wait to see how much prices fall.

]]> By: Paul http://www.johnchow.com/i-live-in-the-most-expensive-city-in-canada/#comment-6616 Paul Tue, 07 Nov 2006 20:37:34 +0000 http://www.johnchow.com/index.php/i-live-in-the-most-expensive-city-in-canada/#comment-6616 Consider that the reason that house prices have fallen in Timmins is that it's a mining town (and has been for over 100 years), and the old 1900-era mines weren't properly sealed when they were abandoned... so entire neighborhoods are now being threatened by sinkholes the size of a medium lake. No wonder the owners are desperate to get anything and get out before their houses fall into the hole(s). If you wanted an actually nice house, you'd be looking at paying between $120k and $150k. Consider that the reason that house prices have fallen in Timmins is that it’s a mining town (and has been for over 100 years), and the old 1900-era mines weren’t properly sealed when they were abandoned… so entire neighborhoods are now being threatened by sinkholes the size of a medium lake. No wonder the owners are desperate to get anything and get out before their houses fall into the hole(s).

If you wanted an actually nice house, you’d be looking at paying between $120k and $150k.

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