"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.”