And why not? If you can cash out a house here in AB and still have a surplus of say $300k+, it’s worth it. I mean how long do you think it would take you to save up that kind of money living where you live? 10 years? 20 years? 30 years? I have a good idea of how these things work. Life hits you out of nowhere and while you think you’re making a lot of $$$, it goes towards something else.William W wrote: ↑ Not exactly detached, but a brand new 3br + Den TH for $350k.
https://rohitcommunities.com/edmonton/a ... k-place-sw
And if you want single and brand new, you will have to pay $40k more.
https://www.sterlingedmonton.com/quick- ... -p4-10072/
I am contemplating selling everything in Ontario and take an early retirement to move out to Alberta.
I’ve got a friend in the GTA who works like a madman and he’s got a $100k saved up. He’s waiting on the housing market to crash so he can buy a house for him and his family. I told him, you’re 37 years old man, you got a $100k in the bank. You can’t afford anything now in the GTA. How long is it gonna take you to save up another $100k, another 37 years? You’re gonna be 74 years old by then and how much do you think that $200k is going to be worth?
Probably doesn’t apply to you but like I said, it is mind boggling to me at just how much people choose to struggle just to stay in one area of the country.