scrubbedexpat091

If only disability wasn't provincial and moving provinces was an option.

https://www.realtor.ca/real-estate/2...hill#view=calc


The mortgage with 5% down is less than our rent in subsidized apartment in BC.

Same price range in BC, not quite as nice. The one in Ft. Nelson looks like it could have potential if you could do the necessary work.

https://www.realtor.ca/real-estate/2...e-fort-st-john

https://www.realtor.ca/real-estate/2...et-fort-nelson

I don't know where Hixon, BC is exactly, but considering it basically has nothing on it wikipedia page, I will venture there isn't much going on there.

https://www.realtor.ca/real-estate/2...ove-road-hixon

scrubbedexpat091

70 affordable apartments in Vancouver wont be built. Well maybe if they can find alternative financing it can be built, but they may also have to sell the land now, so could very well be 70 affordable units not built, and 70 less people in housing they can afford.



Non-profits trying to actually build affordable units shut out, but government has no problem doling out cash to private developers who will not build affordable rentals.

"Housing observers say non-profit housing groups trying to provide true low-cost apartments are largely being shut out of the Rental Construction Financing Initiative – a program that accounts for more than a third of all federal housing money promised by the Liberals since they were first elected. Meanwhile, private, for-profit developers are getting tens of millions from the program for units that are much more expensive."

Siouxie

Looking at Prince George, I saw this for sale at $34k - compare it to this one for $69k which has been upgraded over the years (amazing the differences between the 2) and you could probably do the same Just a thought!

scrubbedexpat091

Certainly not shocked the liberals smoke and mirror policies around housing are not working well.

We thought about Prince George, neither of us have ever been there though, so can't speak to how the city is.

Vancity used to have a mortgage for low income people, but when Trudeau changed mortgage rules they stopped offering that option.

scrubbedexpat091

I hate how they don't put the pad rent into the listing, like kind of an important detail to leave out.

The mortgage + taxes though before pad rent would be super cheap, even cheaper than subsidized housing.

But for all I know the pad rent is $900/month

It's too bad disability is provincially specific, makes it basically impossible to move provinces.

Seems small town Alberta has better value Vulcan which is a neat name, seems to have about 2,000 people and located 123km south of Calgary. Since we cannot go 123 km south from the largest city in BC, we shall go 123km east which will get you to a small town called Agassiz although it has a larger population than Vulcan at 6,000, but even Hope at 150km from Vancouver is larger than Vulcan, but eh we are going by distance from the nearest major city.

https://www.realtor.ca/real-estate/2...venue-s-vulcan $87,500

There is nothing remotely close to price in Aggasiz but here is the cheapest house on the market at 650,000 and based on the lack of photos, probably a tear down.

Hope is better by a big, but still nothing close to Vulcan, lowest on the market appears to be this one at 475,000.

This appears to be the cheapest free hold listed in BC, tear down in Dawson Creek. $69,000

There appears to be nothing freehold under 100,000 in BC that isn't a pile of junk.

Rete

If you can't find what you want in Canada, come to MS and purchase this house for $550,000. 7,200 sq. ft. with 2 car garage, hardwood flooring, 9 gas fireplaces wrap round porch, etc.

https://www.realtor.com/realestatean...1_M82321-20101

scrubbedexpat091

Certainly a nice house.

Comparison to what 550,000 can get in BC in a few different areas.

Vancouver bachelor suite.

West Vancouver 1 bedroom

Burnaby 1 bedroom, brand new though.

If you just have 550,000 to invest, there is always a hotel room, downside you can only use the room 30 days out of the year max.

You do get get more bang for your buck in Chilliwack, but its not an easy commute, and job options more limited, so may not be an option for Vancouver workers who are bound to a Vancouver office.

Chilliwack to Vancouver to about 100km (62 miles) one way and without traffic takes about 1hr 15m with traffic can at times be 2 hours, plus gas is like $6.08 US gallon so one has to account for cost of commuting to see if its even viable option.

Only listing that showed up for Kelowna is this vacant lot, but it does have a lake view, just a flat chunk of land though and seems to be about an hour drive to Kelowna itself.

Only listing that came up for Kamloops.

My guess is there is nowhere in the entire province you can get a comparable house to that MS one for that price.

Former Lancastrian

scrubbedexpat091

Nah price is too low, that is at least a 400,000 fixer up, may even sell above asking.

scrubbedexpat091

Mind boggling how in 1996/1997 the government of the time was made aware of issues around real estate that have led to a housing crises, but why would the politicians do anything, their pockets were getting lined with $$$

https://betterdwelling.com/canada-hi...el-warnings/#_

scrubbedexpat091

Nice fixer upper in Vancouver, only 2.5 million.

The outside kind of reminds me of the house I rented in 2006/2007 when I lived in Edmonton, hard to believe we rented a whole house there in that time frame for a whopping $750/month.

According to their mortgage calculator with $499,600 down payment, only need a cool $7,900/month for the mortgage.

As of last google street view image from 2020, the house looks exactly as it did in 2006, the big house next-door wasn't their though in 2006, there was an older much smaller house next door.

scrubbedexpat091

This is what makes me most nervous about being a renter, ending up nearly 80 years old and being evicted without much hope of finding anything that is affordable.

Win for some tenants, but a loss of others depending on what unit, but this 76 year old has lived in the same rental for 40 years and has to move by October.

https://www.cbc.ca/news/canada/briti...tion-1.6161599

beckiwoo

Honestly with what I’m hearing and personally witnessing in regards to the RTA, I wouldn’t worry - the RTB seem to be heavily biased towards tenants.

You can dispute any eviction notice (within the right timeframe), pay your $100 filing fee and stay put waiting for the arbitration hearing in 3-4 months time.

Rete

Does Canada not have senior housing where rent is based on income? Okay you and Lisa are in your 40's so if you were able to afford a down payment and could get a mortgage, you would possibly be able to pay the mortgage off before you are 80.

You are over 30 odd years from 80. You have no clue what is going to happen in the world, let alone Canada, during those years. Why worry about 30 years from now. Yes, make contingency plans for the future but don't become obsessed with it to the point that you live your life on the edge of fear all the time.

One needs a job and a steady income in order to get a mortgage. Unfortunately, your mental handicap does not allow you this 'luxury'. Your employment is short lived for many reasons not of your making.

I worked hard to afford my little home. That meant working three jobs a week. A legal secretary 8:30 to 4:30; waitressing on Saturdays; bartender/waitress three nights a week.

I hope one day you will either get lucky and win the main prize in the lottery or get a hefty inheritance so that you can purchase that home and have enough funds to pay taxes and do its upkeep.

Jerseygirl

Don’t know if this is still the case, but in the UK mortgages were only given up to retirement age. I was surprised this wasn’t the case when we moved to the US.