Quote:
Originally Posted by JohnnyCanuck
In Vancouver? The only way to do that is with the help of family given real estate prices here. Not all of us have that luxury. It's good advice if the OP actually lives in a real estate market that provides that opportunity, but it's not a reasonable wealth accumulation strategy when you need 20% down for investment properties and even a studio apartment cost $400K these days.
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How are things going now that you have the foreign investment tax? Have prices seemed to stabilize? It has had an impact on Toronto as foreign investors are snatching up property here now as well. I'm glad I got in the market 7 years ago when things were affordable.