“As a home owner in Vancouver, I never could save for retirement. We sold and moved to the best big city for a family – Ottawa. Wow, we’ve not regretted that move.
Bottomline, we listen to our gut… we felt the times are changing, RE is not where we should be.
In Ottawa we rent.
At no cost, we evicted the squirrels, have a new stove, water system, and a few more “details” and my kids love the acres to play !!!
I max out my TSFA, RRSP, RESP (for 3 kids) + more because I don’t believe in home ownership (for now).”
– Carp at greaterfool.ca 27 Jan 2012 12:54am
“Finally, after years of waiting for some sanity and affordability to no avail, I am moving next month to California.
Got the E2 visa today.
I never thought it will come to this, but I see no opportunity here other than selling real estate to rich Chinese.
I am confident fundamentals will eventually prevail, but I cannot live on the expectative for ever.
I mostly agree with the bear argument, yet the reality is that for the last 10 years it has been so wrong. Ant that is a very long time.
I only hope bears will eventually be right for the sake of the new generations. I am out of here. Good luck.”
– paradox at vancouvercondo.info 26 Jan 2012 11:35am
“Just had another ex-Vancouverite who got hired here in Calgary. She was living with her husband in his parents house in East Vancouver because of the unaffordability and they wanted to save money. She also was blunt and said her husband will make about 50K more working in Alberta compared to Vancouver!”
– calguy at VREAA 2 Feb 2012 6:57pm
“My wife and I have decided to take our $750,000 deposit money and seek fairer value — and potentially better jobs — elsewhere in Canada when we begin our search to return from Europe come the spring. So chalk three more (including our son) up to the number of people who are deterred from coming to Vancouver. A shame, cos I grew up on the North Shore, partly. But needs must!”
– Craig Sterling [not his real name] at VREAA 23 Jan 2012 6:33am