“My concern about this continuing decrease in the US house market is that it appears to be setting them up for an increase in business. My job here in Canada could very well be done by an American faciliy within our own company, and now the US is releasing information that only seems to confirm that their economy is starting to finally grow again. A high Canadian dollar and an extremely high cost of living (housing) combine to make me less competitive against my counterparts in the US. They can agree to take lower compensation and still have a nicer house (better standard of living) than I… my productivity levels are comparable or better when comparing apples to apples, but I get less bang for my buck. Housing prices must come down to ensure that Canada is still competitive on the international stage.”
– Burbs Boy at VCI 29 Feb 2012 12:34pm