Canadians are moving away from cities because house prices are unaffordable.
House prices are still going up in said cities because of immigration.
So...the only people who can afford said expensive houses are immigrants coming to Canada for a "better life?" If you can afford a million-dollar house, your life has to be pretty fucking good already.
Or could it be that the article is hiding the fact that house prices are REALLY going up because the Chinese are buying real estate speculatively and then not occupying it?
I live in a small city, with few jobs to go around. Bought my modest house 10 years ago for $190,000.
Today, I could easily sell it for $360,000. Since I purchased we've had several major employers fold, and a collapse of retail. Homelessness is at an all time high, and rental vacancies non-existent.
Who is buying all these properties? Boomers and DINK's from Toronto who sold their houses to Chinese speculators who then turn around and overpay for a house here, driving locals out of the market.
Buy a cheap plot of land in the woods while you still can folks. You'll need it once the Chinks buy up every piece of livable land.
Shit's not adding up to me.
Canadians are moving away from cities because house prices are unaffordable.
House prices are still going up in said cities because of immigration.
So...the only people who can afford said expensive houses are immigrants coming to Canada for a "better life?" If you can afford a million-dollar house, your life has to be pretty fucking good already.
Or could it be that the article is hiding the fact that house prices are REALLY going up because the Chinese are buying real estate speculatively and then not occupying it?
I live in a small city, with few jobs to go around. Bought my modest house 10 years ago for $190,000.
Today, I could easily sell it for $360,000. Since I purchased we've had several major employers fold, and a collapse of retail. Homelessness is at an all time high, and rental vacancies non-existent.
Who is buying all these properties? Boomers and DINK's from Toronto who sold their houses to Chinese speculators who then turn around and overpay for a house here, driving locals out of the market.
Buy a cheap plot of land in the woods while you still can folks. You'll need it once the Chinks buy up every piece of livable land.