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High bar of entry for new owners—analyst

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Ephraim Vecina | 26 Feb 2016, 08:15 AM Agree 0
The increasingly prohibitive cost of residential real estate has made it especially difficult for the younger generation to find long-term stability and security, according to an analyst
  • | 26 Feb 2016, 12:21 PM Agree 0
    My dad was told by his boss , when he was 40 years old, he could not afford to buy a house, that was years ago,,now at 90, his $7000 home looks like a deal. His boss was wrong
  • jan van mil | 26 Feb 2016, 12:34 PM Agree 0
    Real wrong, , even though the farm tractor and chicken sheid is gone,,,his extra large lot, is around around a million
  • Yvonne Van Gelderen | 26 Feb 2016, 12:49 PM Agree 0
    Slight correction. It is a tax break on each NEW home bought under $750,000. Is the government trying to help the homeowners and buyers or are they trying to help the developers and the economy? It would have been a much better break for home buyers if it were on all real estate under $750,000. You can't buy a new home in the Vancouver area for under that amount. So this will just encourage buyers to buy brand new townhomes and condo's instead of resale putting more downward pressure on the resale strata market.
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