looks like bad news for first timers trying to get in
andyt
CKA Uber
Posts: 33492
Posted: Mon Nov 07, 2011 12:12 pm
Compared to Vancouver, that's peanuts. In Vancouver it's `1 million. Meanwhile, median income in the 'Peg is 70k, in Vancouver it's 68k. So Peggers don't have much to complain about.
jeff744
Forum Super Elite
Posts: 2424
Posted: Mon Nov 07, 2011 12:25 pm
Yeah, even when I graduate I am not buying a house until this bubble bursts and some foreclosed ones come up for sale.
Curtman
Posted: Mon Nov 07, 2011 12:33 pm
It might make it harder for first timers, but that's a lot of wealth created from thin air in the last 10 years for the rest of us.