"I bought a new single detached house in Markham, Ontario, after leaving Vancouver 2 months ago."

LY at vancouvercondo.info 27 Sep 2010 2:43pm – “I bought a new single detached house 2900 sq ft lot size [likely larger? - ed.] in Markham, Toronto after leaving Vancouver 2 months ago. I know it is not the time to buy but my kids are growing up and my cash is just earning 1% in the bank. I wrote just to show how super-bubbly Vancouver housing price are compared to bubbly Toronto.
I bought the new house for $489,000 with builder absorbing the HST, plus $15,000 upgrade (granite, hardwood first/second floor) this month.
It is a 3 bedroom with den, 3 bath, with basement, single garage plus a yard. Location is around good top rank schools. Markham is like Richmond or Coquitlam in Vancouver.
I rented in Richmond BC for 5 years and I couldn’t buy any old single detached house of that lot size even in Coquitlam near the mall. I could have only bought a shoebox-size 10 years or older townhouse, or an overpriced condo. So I left Vancouver for Toronto and it was a good decision. If housing prices are to crash next year, Vancouver would be the epicenter of the that disaster.”