Quote:
Originally Posted by 4444
A premium, yes, but that is reflected in the Vancouver vs, Toronto premium
I'm not just arguing that Vancouver is overpriced - all of Canada is significantly overpriced. We'll all go down, once that occurs, Vancouver will likely still be more expensive than Toronto, Calgary, etc, to reflect your point
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Yes, all of Canada may be overvalued, but that's because people are still immigrating here and that compared to many countries in the world, people still see Canada as desirable because we have social programs, relatively stable government, and relatively little official discrimination. You have mutilple families living in large houses not only in Surrey, but in Brampton and many other suburbs across the country.
By contrast, the US is a wonderful place to live if you are valuable, have ambition, and can afford to live in a gated community.
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