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real estate prices in Canada sustainable?

real estate prices in Canada sustainable?

Old Oct 8th 2020, 10:15 pm
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Stumpylegs View Post
Yep, even dead end towns aren't that cheap really as there is limited choice, sometimes multiple properties owned by the same people -so they almost name their price. But there does seem to be literally thousands of folk waiting for the pandemic to end who are extending COPR, thousands more at ready for visa stage. So will likely possibly cause a job shortage in an already crap job market.

Thing is short of not issuing COPR to folk (which could happen but is unlikely IMO as they are still conducting draws) there is no real way of stopping/controlling it.
Good news for tech workers at least, in the next couple of years Amazon will be adding something like 6,000 tech jobs in Vancouver, downside is this will put even more pressure on the housing stock, and likely to push rents up.

I wouldn't call Kelowna a town filled with opportunity, and while rents are lower than Vancouver, they certainly not affordable, just cheaper which are 2 terms people mix up sometimes, so many times on reddit people telling others to move to Surrey, or Burnaby because its affordable, no these places are just cheaper, but not necessarily affordable.








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