Quote:
Originally Posted by supafamous
That said, that's not a lot of people and even they need to come up with at least a 20% downpayment and if you want a newer detached home you're talking about a 1-1.5m downpayment which is NUTS.
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Not so nuts in Vancouver, or for people that purchased real estate 10 years ago. Even those that were fortunate to buy into a condo 4-5 years ago are up 300-400k in equity. Next-gen is screwed though, without support from someone already in the market...