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Rising real estate is pricing many out of starting a family

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Real Estate Professional | 20 Nov 2015, 10:14 AM Agree 0
High home prices mean more than half of Canadians can’t afford to start or expand a family, according to a new survey
  • Sandy Clark | 20 Nov 2015, 12:28 PM Agree 0
    Home buyers should be looking for affordable cities to live in that still offer potential for their personal and professional growth. Nanaimo, BC on Vancouver Island is one of the most affordable cities with the ability to get into a house for around $250,000 for a modest home and many homes in the $300,000 to $500,000 range. If a first time buyer opted for a house with a suite, a healthy portion of their mortgage would be covered by a tenant.

    There are many opportunities in Nanaimo for affordable home ownership and it is a beautiful, harbour side community enjoying economical growth and sustainability. For those who work in Vancouver, BC where the price of housing is approximately 70% greater than Nanaimo, an option is to live in Nanaimo and commute to Vancouver as many Nanaimo residents do to enjoy a fabulous lifestyle and affordable home ownership. The seaplane from downtown Nanaimo has direct daily flights to downtown Vancouver or Richmond, or a cheaper alternative is to walk on the BC Ferry for approximately $16.50 each way, enjoy a leisurely, uninterrupted commute across the strait while dealing with emails or computer related work then drive from West Vancouver or catch the Vancouver City Bus to downtown Vancouver. The travel time is the same as commuting from the Lower Mainland to downtown Vancouver but without the stress of driving or dealing with traffic. If this is something you would like to explore or have any questions regarding central Vancouver Island and the numerous opportunities for lifestyle, home ownership and recreation, please contact Sandy Clark, Realtor for Royal LePage Nanaimo Realty on 250-668-9878.
  • anti big government | 20 Nov 2015, 12:36 PM Agree 0
    maybe a rant please feel free to critique, I am open to discussion

    The government has been invading the housing market, with tax ( land transfer municipal/provincial/federal coming with JT.. I'm sure give it time) Mortgage default insurance, building permit costs have tripled in a short period of time in my area, Hst on new, New home warranty programs that aren't worth a lick to the consumer, municipal property tax continues to rise making using the home more expensive, never mind buying it, to increase their revenues to continue to pay for unrealistic service models that they support, many services could be argued not essential, but more historical i.e,. postal service, libraries, etc.. (to many to mention) and so on. In my area the above taxes can total 100k on a 400k home.
    Keep voting for tax, borrow (rinse and repeat) and spend LIBERALS and you will keep paying more for properties, in purchase , using and selling. TORONTO ARE YOU LISTENING

    Words used by people who wouldn't understand the consequences of their decision, like investments, infrastructure and useless urban (rather than provincial) expensive transit systems that are expensive to build, however running these government behemoth make work projects makes the original cost of building them look like peanuts (building the sky dome was expensive running it was the real problem, that's why the province sold the 500 million dollar asset for 25 million to Rogers)

    Good luck to the youth of the country your elders have demolished your financial future and its going to get worse, cause some how you've been brain washed to vote for someone with good hair and no experience to run your country, no need to point out the Premiere of Ontario in adequacies you voted her in twice?
    We deserve the governments we elect
    Hope for the best plan for the worst folks
  • Local Vancouver Realtor | 20 Nov 2015, 05:30 PM Agree 0
    This problem has existed long before the liberals took over, which was just a few weeks ago. If you want to blame a government, blame the one who ruled and destroyed the reputation of our great country for the past 10 years. Perhaps you should ask why we are allowing so much of outside dirty money that is generated by acts of crime and corruption pour into Canada. These individuals who are mostly none Canadians and more than half they don't even live in Canada are purchasing the most prestigious properties at outrageous prices; practically pushing the locals out of the neighbourhoods that they are born and raised in. I am worried for the future of our kids.
  • Anti Big Government | 22 Nov 2015, 03:05 PM Agree 0
    Liberal Ontario is the problem, Liberal Canada is going to be worse. The real problem... what a joke...the real problem was his father in 1970's. Conservatives fixed that in the 80's 90's with Hst in the end. Martin and chretien benefited from the work of conservatives.
  • trudope | 22 Nov 2015, 03:19 PM Agree 0
    By the way harper is recognized as one of the best leaders in the world, versus the camp councillor who was a national embarrassment when asked a question about Chinese reclamation in indonesi(blah blah blah) ran of the stage before someone asked him another serious question other than what he uses in his hair, Canada's reputation is in perfect tack #1 in G7 #1 in G20 get your cats straight
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