Student friendly cities to invest in BC.

West_coast_jj

Cinderella on the West Coast🇨🇦
Apr 28, 2019
16
0
1
Vancouver, BC
Hope the title says it all.

So mainly, I want to stop renting as fast as possible being a FT student. That being said, I have little desire to live in dt Vancouver! So for a first time home buyer in their 20's go, where in BC can we get our foot in the door?
 

licks2nite

Active member
Nov 30, 2006
657
79
28
Isn't any in BC. Red Deer AB and Regina SK are about the only reasonably priced real estate markets in western Canada with educational facilities.
 

licks2nite

Active member
Nov 30, 2006
657
79
28
Currently limited selection 2 bedroom condo in Prince George for 90K, houses start 225K. Red Deer has wider selection condos in the 50K to 80k range some with 3 bedrooms. Prince George houses start about 200K, Red Deer about 133K with the wide selection. Small older houses in Regina start about 35K, enormous selection, all under 100K, low taxes. Condos in Regina start at 95K, 2 bedroom, prominate unversity. Mobile homes are another story.

If you like surfing around you might try these guys:
https://www.realtor.ca/
 

West_coast_jj

Cinderella on the West Coast🇨🇦
Apr 28, 2019
16
0
1
Vancouver, BC
Isn't any in BC. Red Deer AB and Regina SK are about the only reasonably priced real estate markets in western Canada with educational facilities.
Red Deer? Ewww. Hard no.
Saskatewan is beautiful to drive through. Their Sunsets! The windchill though...icky. I've lived in some of the coldest weather Canada offers- Sub Arctic. I am hoping for moderate temps.
 

West_coast_jj

Cinderella on the West Coast🇨🇦
Apr 28, 2019
16
0
1
Vancouver, BC
Currently limited selection 2 bedroom condo in Prince George for 90K, houses start 225K. Red Deer has wider selection condos in the 50K to 80k range some with 3 bedrooms. Prince George houses start about 200K, Red Deer about 133K with the wide selection. Small older houses in Regina start about 35K, enormous selection, all under 100K, low taxes. Condos in Regina start at 95K, 2 bedroom, prominate unversity. Mobile homes are another story.

If you like surfing around you might try these guys:
https://www.realtor.ca/
Hey thanks for the stats.
New modular homes are nice...in my early 20's I lived in a trailer park and oil to heat I know is murderous.
I would like a modest detached, or semi. I can do light renos...I'm pretty resourceful! Contractors are known to exchange services too.

*** Just extreamly irritated with the GVRD. It's a bad rat race***
 

licks2nite

Active member
Nov 30, 2006
657
79
28
Understanding the Canadian real estate market is about understanding the whole Canadian economy, and seemingly beyond politicians and the public. For young Canadian families looking for their own home all that's being offered in the election campaign is a reduced stress test for mortgage. That means a 30-year mortgage to reduce mortgage payments. Virtually perpetual debt. A fantasy of ownership that may cost more per month than renting plus Realtor cost if you ever want to move and likely a new extended mortgage. Canadians don't realize how ruined the Canadian economy is with its manufacturing sector sent abroad. Virtually everything that you touch or use in Canada is manufactured somewhere else. You can't depend on the rest of the world to keep supporting your wants and need without paying some sort of price. Canadians didn't want to pay that price working at real self supporting jobs. Virtually everything you do you're an agent now for a foreign corporation to sell to the Canadian market. Canadians wouldn't do anything to stop the exodus of the Canadian manufacturing sector. Now your Canadian children pay in debt slavery. /rant
 

West_coast_jj

Cinderella on the West Coast🇨🇦
Apr 28, 2019
16
0
1
Vancouver, BC
Rant indeed.
I'd take a longer amortization over high down payment atm. I'm a student keep in mind. There is also creative financing through Brokers.
 
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