Originally posted by AlexisDVyne
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I'm selling my house this year in Edmonton, expect to get around $380k for it. If the exact same house were situated in Vancouver, it would be listing for around a million. That's just insane.
Who are these people getting approved for mortgages that high?
A lot of people were blaming it on off-shore chinese millionaires, but the truth is they only make up less than 5% of the purchasers.
I predict the bubble will burst in the not too distant future.
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