Canada to withdraw from Kyoto

Started Dec 13, 2011 | Discussions thread
KEVZPHOTOS
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Re: You guys are still lucky....
In reply to lanef, Dec 18, 2011

lanef wrote:

Docno wrote:

I pay more than $CDN3000 monthly for a cramped 2 bedroom apartment that I could buy for $1 million.

I fully agree with you. I bought a second property in 1999, two bedroom in a block of villa for AU$95,000. Today if I had to buy the same kind of property, It would cost nearly AU$315,000. A 3-bedroom house would now cost over half a million.

In Toronto, a reasonable 3 beroom house with a relatively small backyard would cost you say between $400K and $450K....more of course IF you want something nice.

Now, come out west to Vancouver and that same house will be $900K and up.

A regular 3 bed, 2 bath house in west Vancouver (near the university) with just a small backyard runs for about $1.3 Million.

Where I live in Victoria, a decent house starts at about $750K.

It's almost impossible for a young couple to buy a home here...coz they need such a large down payment, or carry a huge monthly mortgage. I know several professional couples (both working) who just cannot afford to purchase a home AND live properly as well.

As a comparison,

Last week, I watched HHI where a couple in Illinois...bought an absolutely gorgeous (heritage) 5 bed home for just $360K just outside Chicago. It also had a lovely yard...much bigger than one would get here. That house in BC would be around $1.5 million....unless it was right out in the sticks someplace.

Americans always get MUCH more value for their money...that we do up here in Canada. It's been that way for years, and still is. Our wages may ber a tad higher than there's generally speaking...but not by much these days.

KEV

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