Vancouverite In Ontario – “My part-time, contract job (1 day per week) pays an annual income almost equal to the average annual income in BC and my house costs one fifth of the average Vancouver home price.”

“We used to live in Vancouver. Moved back to Ontario a few years ago. My part-time, contract job (1 day per week) pays an annual income almost equal to the average annual income in BC and my house costs one fifth of the average Vancouver home price. A similar job in BC would pay me 1/2 of what I earn in Ontario! We have a beautiful century home just north of Toronto that doesn’t require repairs. When home owners spend an average of 90% of their pre-tax income on their primary dwelling, it’s only a matter of time before the cracks appear – and that’s not even factoring in a marginal rise in interest rates and other inflationary pressures. Using intuition alone, I don’t know how this “system of wealth” can continue in Vancouver. Maybe its time to make money the old fashioned way and actually invest in retirement plans. There’s a reason why the feds are strongly encouraging Canadians to reduce their debt burdens.”
– paul at VREAA 23 Feb 2012 6:14am

PostCardsFromTheBlastRadius #14 – Windsor – In the ‘RustBelt’ The RE Deals are…. “FingerLickin’Good”‏

Tecumseh Road, Windsor, Ontario, Summer 2011
—–
Photos and commentary for the ‘BlastRadius’ series by ‘Nemesis’.
[Images Ⓒ​2011 ‘Nemesis’ – All Rights Reserved]