Clearwater condos innisfil . You can buy a mansion under 500000! Although it may sometimes seem strange to look for a house under 500000 in Ontario, it is not entirely impossible.
The influx of buyers from big cities to small cities brings another problem: buyers in small towns find that because the wages of local residents cannot match the economic strength of buyers in big cities, their house prices have exceeded the normal range of the local market. “if we make a whole generation of young families unable to afford a house, we will face a lot of political and economic problems,” said Mike Moffatt, an economist and senior director of Smart Prosperity Institute, a think-tank in Ottawa.
In British Columbia, people are so keen on buying houses that they have even developed a strange way to buy houses online. Some people buy a new house without even stepping into it. That’s what happened to Ean Jackson and his wife Sibylle Tinsel. They recently sold their house in Vancouver and plan to move further to Powell River. They have local friends, so this has always been their long-term plan, but selling houses speeds up their process.
Given the limitations of the epidemic, it is difficult to see any houses. “We couldn’t even get there in time to see the house,” Jackson said. In view of this, they made a bold decision: buy a house online.
Their real estate agent introduced them to the interior and exterior of the house by video, and they liked the house so much that they made an offer.
Jackson says that while they are excited about the new chapter, everything feels weird: “it feels really weird. Almost every day at dinner, we ask each other, ‘are we doing the right thing? Have we been deceived? Or will this work?'”
Finally, Jackson says he knows the answer to the last question is yes, because they like it here, but he also sympathizes with young families who are trying to buy property at current levels: “you saved money for three or four years and thought you had enough, and house prices doubled, but I don’t think this will last. One day it will be over. “