“We’ve sold our Vancouver condo. We took a bit of a loss, but we’re moving into a rental for the next year or three, saving until we have enough for a mortgage worth no more than 3 times our annual income.”

This from smartalox at greaterfool.ca 26 Feb 2010 at 1:13 am -

“We’ve sold our Vancouver condo, ahead of a big assessment. We took a bit of a loss, but we’re moving into a rental for the next year or three, saving until we have enough for a 20% down, 20 year mortgage, worth no more than 3 times our annual income.”

One response to ““We’ve sold our Vancouver condo. We took a bit of a loss, but we’re moving into a rental for the next year or three, saving until we have enough for a mortgage worth no more than 3 times our annual income.”

  1. Is that really a smart move? You will be paying property transfer tax AGAIN and paid your realtor another 10-20k in realtor fees.

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