Comments on: Canadians Are Fleeing Cities For Small Towns and Eroding Affordability: RBC

By: Dave

Dave — Wed, 16 Feb 2022 13:09:03 +0000

In reply to WS. time to seize foreign corporate controlled/owned properties and return them to canadians.

By: D

Tue, 15 Feb 2022 23:34:51 +0000

In reply to WS. Canada’s GDP rose in 2021 to all time nominal highs and the same will be achieved this year. However we had rising house and oil prices and if you strip those out of the equation Canada’s GDP is in full decline. Adjust for inflation and Canada is actually in a depression since 2015.

By: New Local

New Local — Tue, 15 Feb 2022 21:21:09 +0000

In reply to WS. There may be cases where people newly arriving in rural areas still earn city salaries. The company I work for is now completely virtual. I moved out of the city to cottage country just before covid. My salary was not affected. My mortgage came down by a factor of four for bigger property near the water. I will retire years earlier as a result. I think I am not be the only one.

By: WS

WS — Tue, 15 Feb 2022 18:36:59 +0000

I wonder what the medium- and long-term implications might be with Manhattan prices and Kelowna wages.
This certainly discredits the RE pumpers narrative of Vancouver being a international city therefore justifies one of the worlds biggest bubbles.
Prices no longer justify moving to the smaller centres with no economy and amenities.
Yeah , it’s a bubble.

By: Woolsock

Woolsock — Tue, 15 Feb 2022 16:03:28 +0000

Admittedly, I have not been to either one lately – maybe they’re very nice – but it would never have occurred to me to include Tillsonburg and Woodstock in a list of “resort towns”. I guess I’m just not that into hunting wild turkeys.