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Today: 17.01.2018 - 14:43:00
   Canada Mortgage Hub Discussion Board -> Mortgage Vancouver -> Is Vancouver really the most expensive city in North America?
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preyes8827

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Is Vancouver really the most expensive city in North America?
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Post # 1.

pericarp

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yes well- they pay a lot more in taxes in exchange for nationalized free health care.
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Post # 2.

psmdelin

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I thought New York City was
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nicole_van_vleck

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Yes. Definitely yes if you're looking at buying a home.
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paraffienlamp

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Yeah, I just moved away from there because i knew that i could move to Calgary for waaaay less. Always a nice place to visit though
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pcomeau

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NYC has rent control, for those fortunate enough to get into a rent controlled unit. No such luck in Vancouver.
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piterskyi

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Yes it is. Sometimes I wonder, for what are they paying? It is surely a beautiful region, but the city itself is lackluster. Everything feels very generic there, yuppie central, gentrification overload. I could say the same about many places in North America, but Vancouver especially. It doesn't have the same vibe or uniqueness found in other Canadian cities, e.g. Toronto, Montreal. I have only been to Vancouver once and I liked it, but I would never pay such money to live there.
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Post # 7.

ostros

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How about that...the new kids on the block are millionaires. But hey, so what? We're all millionaires! This is the era of the millionaire in Vancouver. The immigration doors are open to anybody who has a million dollars, and so the millionaires from Asia are coming in droves. And that's good news to local carpenters, and anyone who stands to profit from millionaires who need to buy a big house and all the buying that goes with it. But for Joe and Jane Blow consumer, it means higher prices, and sorry, the new Vancouver dream for the average person can't be a house anymore, so little box homes stacked on top of one another are being built like crazy. But Toronto's just as expensive.
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prtzaltoid

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At a million plus for a standard house - yup; it sure is.To get a mortgage on the average Vancouver house, you would need $250,000 for a down payment, and an income of about $250,000 a year to afford it. There are very, very few people in this category!
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