Hi CB....
The market up here is worse, and it’s an intentional takeover.
Our realtor is expecting to get $1M offers plus for our place. It is NOT worth that kind of money. He said the buyers now are ALL from China, and possibly the Middle East. They are taking over, buying up all of the houses that come on the market, and ordinary, blue collar Canadians don’t have a hope of purchasing, unless they’re loaded.
First time home buyers are SOL. Plus, the rental market is non-existent. It is a very, very depressing, hopeless, dangerous time for anyone starting out. It’s terrible. And it’s by design.
Population of Canada is about 35,000,000. How many homes would that be? Maybe 15,000,000? Between the Chinese (mostly) and the Middle East, purchasing 15,000,000 homes for them would be a cakewalk.
We already know Trudeau is in bed with the CCP - they’re moving in and taking over right before our eyes. I’m glad I’m the age I am, but I fear very much for my kids and grands. Very much.
Wow that is scary. Bad enough to have liberals invading here, but people from another country? I guess Mexico did it right. I think people from out of the country can’t purchase property there.
I feel the same way, I’m glad I don’t have to figure out what to do for a living, and especially raising children now. When my son was little it was bad enough, had to monitor half of the Children’s shows. Now it would be all of them. My granddaughter’s opportunities are dwindling.