this post was submitted on 05 Oct 2023
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I would love to pump some baby batter into my gf and start having a kids, can't do that while we're stuck living paycheque to paycheque on a combined 130k in my parents basement.
How bad is housing in Canada right now? This is not a prominent topic here in Europe, so let's say you look for a 200 m² house in the outer parts of a bigger city, what would be the price for that?
The issue is that investors are buying houses 100k over asking price same or next day because they don't plan on living in them, they just want to make the investment and prop up the housing market bubble for as long as they can.
Speculators need to be heavily taxed. We need to discourage this and put a stop to it ASAP.
I bought a townhouse that was 1700sqft (~150m^2) in Markharm, a suburb of the GTA (1hr to the center of toronto by car, 1.5hrs by bus), in a pretty bad area for 800K CAD during a slight market crash during covid. By all accounts this was an exceptionally good deal, by realtor didn't think we could get anything for under 900. I sold that townhouse for 1.1 mil in 2023.