Quote (JessiWan @ Oct 27 2023 08:07am)
Maybe you can buy a condo in Edmonton. You have a lot of money.
Actually, buy a condo in Calgary. I will rent from you.
But you're talking about potentially buying a place in Abbotsford, or your previous post in this section was buying a condo in Burnaby. Edmonton is 1/5th the price.
If you're willing to pay CMHC insurance because you can't afford 20% down on a 250k condo you could put as low as 5%. Obviously interest rates are high right now so that's no ideal but it's still affordable by comparison to our other highly inflated areas in Canada and frankly if you still don't want to be home poor that's typically 250k for a three bedroom, you could rent the other two rooms.
If I was going to university at University of Alberta or something right now it would be a no brainer for me. Buy, rent two rooms to buddies.
You were considering going back to school, that's the avenue I'd certainly consider if I was going back for a 4 year bachelor somewhere.