I agree tech companies in Canada pay far lower compared to our neighbor. Matter of fact my friend who making 60K in Toronto was got an offer for at MS for 110 k+. Not to mention bonus, stock, and other benefits. Almost all new Canadian graduates look for jobs in US. Health system sucks...
Good question Polkaroo....my guess is that they bought their property during 40s or 50s therefore paid fraction of the property value today. By now most are fully paid off the mortgage so they can afford to live in the expensive urban area. Also I suppose they have their own small community...
IMO if you have the money then by all means you should do the research and buy condos/houses. The problem with these investment are the money is locked for awhile. Of course there is risk involved in real estate. Why do you think FIVE is not a 'smart buy'? We are getting at rate lower than...
IMO FIVE is not a bad decision. I'm not saying this because I purchased a unit :). I have looked into $450psf range condos in downtown but don't like the neighborhoods. Some reasons i chose this:
1) Y/B is the center of downtown, therefore even during down times it's easy to rent out.
2)...
I personally like dark laminate, I think it's unique but since 95% people prefer light. I will go with light when time comes due to resale convenience :p
I think there will be a small dip but nothing major. As for pre-construction condos, I don't think they will lower the price if builder makes 65% of the sale, if not they may give incentive upgrades. Once 65% is reached they can get loan from bank to start the construction. Builders have 2-3...
Thanks guys. In my opinion even if the price is 10k more it's still worth the investment. Remember you will only be paying 20% so only 2k more.
Great advice Sunny, glad to see a good-hearted realtor onboard :)