A friend of mine has very recently bought a 280k resort property near Saskatoon and would not be dissauded. “It’s an excellent investment” he told me. OKee Dokee. Then he dipped into his equity and bought 3 new cars and some holidays abroad. In the end he has about 15% total equity remaining and two monster mortgages and lines of credit.

My point is that there still seems to be a consensus here that Saskatchewan is somehow different than the rest of Canada so the buying continues and housing prices have only dropped marginally. So far anyway.

Lets see what the future brings.

How are the gang wars in Marijuana Land ding dong?

~~~
So true, I would be scared to live there.

Young mother shot to death had links to gang

http://www.nationalpost.com/related/topics/story.html?id=1301633

You can buy ocean front property, with acreage, for anywhere from 150K to 250K on the North Shore of NB or PEI, a little bit more for south shore NS. Sure the Annapolis Valley is simalar.

You can then spend 100K to easily get yourself into a spot in Florida or Arizona, if you have to get away from the bitter cold, which the east coast isn’t anything like Winnipeg or Ottawa winters.

In fact, the temperatures over the past couple of decades on the east coast have been steadily rising and besides late December to the first of March, the temp is the same as BC.

So you can still plunk a hunk of cash into a dividend paying investment, like an oil and/or gas trust, and have your real estate diversified.

I’m not saying BC isn’t a beautiful place, but there are lots of other places you can live for a fraction of the price if your retired.

But your right on the temp, its about 5 – 7 degrees on average colder through the months of December to March, and Nova Scotia gets about as much rain as BC.

Must be an ocean thing…

Thank you for your answer.

So housing prices are inflated, the stock market is inflated, and the gov’t is pusing cash out the doors at breakneck speed to keep these bubbles inflated…we’re f***ed.