“He’s a CA who moved here from Winnipeg about 5 years ago, and just loves the city. He’s one of the few people that agree RE here is due for a crash.”

Krazy Kanuck at vancouvercondo.info 29 Jun 2010 12:47 pm

“I went out with a friend I haven’t seen for years. He moved from Winnipeg here about 5 years ago, and just loves the city. He’s one of the few people that agree Real estate here is due for a crash. He and his girlfriend are renting a really nice 2 br condo with den, right in coal harbour for $2k a month. Condo fees are $600 a month. Anyhow, he is a CA but is striking it out on his own with a few partners. They have their own web based start up company. One thing he said really struck me. He said “you know….because of my partner and I, we have 5 people drawing paychecks. We haven’t paid ourselves for 1 year so far, but it feels great to have created 5 jobs. The thing that sucks though is that there are no government incentives for entrepeneurs”. So there’s plenty of incentives to go buy a house (cheap easy money), but very little to encourage economic growth.”

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