Quote:
Originally Posted by 68style
My gf and I made a massive Pros and Cons list for moving to Calgary... I know my situation is unique to others as it's not purely financial (ie: my best friend has lived in Calgary for the last 10+ years) but no amount of fact-twisting and weather related elements could swing that list in British Columbia's favour let alone Vancouver proper.
For those interested in some of the deets I don't mind sharing:
Spoiler!
We're both being very quiet the last few days about the subject because I think we're both trying to ignore the reality of how much better off we'd be there. It's a tough thing to admit.
Brief overview of just the FINANCES only:
I'm the only one with eligible work that can qualify for a mortgage, the most I can get on a mortgage probably is the $400-500k range, with houses in Delta (for example) starting at $1.3M I need at least a $900,000-$1,000,000 downpayment. I actually have it if I sell my condo, between her and me, we've got the cash and my condo is worth about $600,000... so we could do it... but it would be literally everything we have. Every dime. And even with that small a mortgage, I'd still be paying $4,000 a month for the place. $4k a month even with a mill down!
If we go to Calgary, I can swap my condo for a house and keep all my cash and have no mortgage. I could probably even keep my condo in Richmond and just rent it out.
I mean... it's unreal. I wouldn't even need to work to be honest, working would become shits and giggles type stuff.
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My GF lives in Red Deer and we've been exploring options too. I don't own anything here because why bother now but the idea of owning a 5 Bed 3 bath detached with double garage, upper and lower balconies, gazebo, firepit and sprawling yardage, front and back for $479,000 is extremely tempting, especially since I have the money ready to go. I can fly in on a Friday, buy on Saturday, fly back on Sunday in time for work on Monday
But we're also looking at Calgary as well. The exodus from BC is real. These people cash out, ex-pat out, buy their perfect home and all the toys. They adjust to the outdoor life and never look back.
Red Deer is now passed 100k population and rises 1.1% year over year. From what I read, their property values rise 2-3% a year whereas Calgary was closer to 8% last I checked.
RS Alberta chapter coming soon?
