Eeeeeehhhhh…
In comparison with other overpriced bubbles in Canada, I suppose so.
But you should be able to get a home out in the burbs where you can raise a family in a safe, family friendly community for less than $400,000+
As the interest rate drifts higher, I fear most people won’t be able to afford their homes anymore. Even a 1% increase is a huge difference in the monthly payment, and that’s money people just don’t have now that everyone is taxed to the extreme…
So there may be a ton of foreclosures coming up, but I suppose they’ll be the case everywhere