As someone who lives here & was raised here, let me just remind anybody who might be thinking of making the move…
Our housing market is still expensive as heck. Sure, it’s cheaper than Vancouver or Toronto, but it’s still not cheap… a single family home w/ a garage in a nice suburban neighbourhood with other families will still cost you about $320k+ for a starter home
$400k to $500k for a family home that isn’t a starter is fairly normal.
I don’t know why or how we, as a country, have decided that everyone who wants to own a traditional home in the suburbs has to take on a half-million in debt.
While some have been able to do so, most people around my age have NOT been able to enter the housing market even if they have a decent paying job and have good credit. (I don’t like to admit this to myself, but somehow I’m damn near 40…don’t feel it or look it)
Having lots of people moving here all relatively at once isn’t going to make anything cheaper.
I know a lot of people who I’d consider to be working poor. Yes they have a place to live, groceries in the fridge & pantry, and clean clothes in the closet… but once the monthly bills are paid, are broke.
Any unexpected costs end up being a big deal.
I don’t know if that’s the case across the country? But…