You don’t understand the nature of gold.

It’s insurance against(amongst other things) a currency crisis.

Smart money is exchanging their paper money for gold.

Google John Paulson, David Einhorn and Paul Tudor to see wht the world’s smartest money is buying and holding gold.

Get yourself some now while it’s cheap or be punished by it!

Gold: The ultimate money punisher

I just got word from my agent who is also my friend, the project is nearing 50% sold out before even opening on the 24th of september because of some serious add-ons that we received such as: guaranteed 2 year lease out if its an investment property and 10% down payment loan by the builder upon closing to make your total downpayment 20% to avoid CMHC insurance premium…..WOOHOO!!

We are there NOW!!

NE Canuck @55. Is the conlcusion that people are leaving
based only on school closures? It is well known that as families in neighbourhoods age, the enrollment for schools drops. I also saw where downtown van is experiencing an increase in demand for grade schools, as “Vancouverism” has increased the number of young families living downtown. Sorry, only remember that it was a local TV station running the story.

92 Jess – Cant speak for East of Manitoba, but the western provinces have a torrens-based land registry system. Wont happen here.

A good job of it, you seem to have made a good case for yourself. A few comments:

First, be prepared for the “b-b-b-but owning means we’re building equity” argument. In your spreadsheet, your “mortgage payment” is actually the simple interest on the mortgage. I think that’s a very fair way to do it (in fact, I use the whole purchase price) since even as you pay down principal, there’s the opportunity cost of that money being tied up, which generally would be about what the mortgage rate would be. The actual payment on a 4% mortgage (25 year am) would be nearly $2000/mo — so the renter can save the difference (assuming they can stick to a budget) and build just as much equity, but in a diversified way.

Unless the laws are significantly different in Alberta, your ownership advantages are overstated: you can paint the walls whatever colour you like when you rent, you just have to paint them back before you leave.

Finally, I’ll just say that this is fine for the average joe, but you should also run the numbers for your specific situation. Find a rental or three that you would consider living in — whether that’s high rise, townhouse, or detached — in a neighbourhood you like, and then find units for sale that are as similar as possible to those. Run the numbers comparing the two.

I had to work very hard to win a similar debate. What finally won it for me was the argument “look, we can either afford to own this house, or rent it and buy a new car.”

…If the man who jumped from the 100th floor was from Vancouver BC’s North Shore, he survived the fall.

It’s different for Vancouver(ites)…don’t you know.

Nostradamus jr.