- Joined
- Mar 24, 2009
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Yes, there`s a housing bubble in Canada - but only in three cities
Looking for a tidy little bungalow on Vancouver`s west side, close to Kits Beach?
You`ll need a big bank account. The average price in the first quarter topped $1.1 million, according to Royal LePage.
A tad steep for you? No problem. Let`s head over to the grittier east side of town, where prices are more, uh, reasonable.
For just $674,000 you could buy the same bungalow, and for $402,000 -- $150,000 more than you`d pay in Edmonton -- you could own a typical condo.
Yes, there is a housing bubble in Canada, even if Bank of Canada Governor Mark Carney is reluctant to use the `B` word.
Read the full article here.
Looking for a tidy little bungalow on Vancouver`s west side, close to Kits Beach?
You`ll need a big bank account. The average price in the first quarter topped $1.1 million, according to Royal LePage.
A tad steep for you? No problem. Let`s head over to the grittier east side of town, where prices are more, uh, reasonable.
For just $674,000 you could buy the same bungalow, and for $402,000 -- $150,000 more than you`d pay in Edmonton -- you could own a typical condo.
Yes, there is a housing bubble in Canada, even if Bank of Canada Governor Mark Carney is reluctant to use the `B` word.
Read the full article here.