posted on May, 18 2011 @ 11:28 AM
I currently live in Vancouver, and am lucky enough to have a mortgage with 2 years left on it. However great that is for me, I feel so sorry for any
young person or family starting out and hoping to buy a home here. In order to afford current mortgage pricing without any assistance from family, you
would need at least 200k p/yr family income for a decent 3 bedroom family home. After graduating from University with who knows how much debt, the
next challenge is to find a job that will support both the mortgage debt, and loan repayments. I personally know 5 young, bright people with great
futures, who have left their home in BC to move into the Interior of Canada where housing and cost of living is more reasonable, or have opted to move
to the US.
Quite sad really, being priced out of you own home town.