Most Unaffordable Housing In The World Includes Sydney and Vancouver

I am very familiar with the housing crisis in Sydney.
It is the price of land that is the problem.
Also Australian housing is very large these days.
Our house, which I considered large when we build it in 1966, is now quite small in comparison with newer builds.

We also have very generous tax concessions for investment housing properties and this is pushing up housing prices at auction, which is now the most common method of selling/buying houses. New units are mostly bought off the plan and the prices are unaffordable for first home buyers.
 

I am very familiar with the Vancouver prices as I live just outside there.

Most of the housing I see going up now is either huge great mansions or smaller , much smaller town houses.

Our house is condidered pretty big. 5 bedroom, 4 bathrooms in the main part with a 3 bedroomed , two bathroomed suite on the lower level. We also have the 2 bedroomed carriage house on the property. We have never rented anything out though. The main house is 8 years old and the carriage house which was added later is 4 years old.

I think this may be considered small compared to the huge houses going up in some parts for very wealthy people moving her but certainly big compared to the average home buyer.

I certainly would not want to be out there as a first time buyer.

I have family in NSW but am not sure what the housing is in their area is like so much but they all have houses.
 
So where do you live Jeanine? Are you in the valley? Next year, maybe September, we'll be moving to Chilliwack but prior to our Maritime experience, we were in Langley.
 
I know housing prices are so high in so many places now a days. It makes me glad I live in a place where the housing cost is relatively low.
 
I'm from Melbourne, Australia and the houses there are the second most expensive compared to Sydney.
 
Ruthanne said:
I know housing prices are so high in so many places now a days. It makes me glad I live in a place where the housing cost is relatively low.
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You made some wise decisions in your life then Ruthanne. Are you as amazed as I at some of the prices that you hear? My daughter used to live in Whistler, BC and she and her ex had a two bedroom, 1000 square foot apartment in what was previously the Athletes Village there (during the Olympics). While she was in a cost controlled suite (courtesy of Whistler Housing Association), some of the suites weren't cost controlled and the same suite cost about $1,000,000.00. Mind you, the location is spectacular with rushing mountain streams passing by, the gorgeous mountains....and Whistler is of course a resort town so, that would explain the cost wouldn't it?
 
Jeannine said:
I am in Maple Ridge
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Oh I know Maple Ridge! We used to live across the river from it, first near Aldergrove, then right in Langley. We were thinking of moving back to Maple Ridge but the only thing that deterred us was the idea that it was a bit wetter there because the clouds tend to get hung up and dump their rain there. When we lived in Aldergrove, it was a higher area and it would be raining a lot more there than in the Langley area which was lower and more open to winds. So is it actually a little more rainey there or was that our imagination?
 
I can't really answer that question, if I compare to Coquitlam where I was a few years ago I would have to say no but frankly I don't really know.

I like Maple Ridge, it is small enough to still have that homey feel while being big enough to have pretty much everything and what it doesn't have is only a short drive away. The new bridge and road system has made it very easy to cross the river and commuting is better.

I find we have a wet winter but we usually don't get the snow that Coquitlam gets.

House prices compared to Vancouver are better.
 
Well I always liked Maple Ridge whenever we drove through because like you say, it has a homey feel and is close to the big centres but not too close. I took my daughter to a couple of horse shows in that area a few times and we used to ride my husbands motorcycle across on the ferry and then tour along the Lougheed Hwy, Dewdney Trunk area. It is nice all along there. Lucky you. We will be further out but I'm looking forward to being 'home' again. Although it's really killing me to leave my grandkids here, but my mom is old and one of these days, she's going to need help so, what can you do? Payback for being a single mom and working as hard as she did to take care of us. Anyway, nice chatting with you 'neighbour':)!
 
I have lived in Victoria, Harrison Hot Springs and Cowichan Lake in BC. At the time, I was a single mother of two, had a pretty good job but could not afford to own a house. Eventually when we moved to Cowichan, I did buy a house but had a job offer in Nova Scotia, including moving costs and didn't think twice. I'm from N.S. originally and all of my family is here so it was a no-brainer. Moved back here in 1999 and seriously, haven't regretted one minute. I appreciate the weather in BC, but hated the rain. I battled severe headaches the whole time I was there and actually was taking preventative medication. They stopped after moving back here. I bought a house when I came back for under $100 K. I could never have done that in BC. As for weather - I can handle it - other than 2015, the winters have not been bad. I guess we all go "home", and I wouldn't move again, even if I the won the lotto and could live anywhere. I do miss the mountains though, and going sking in the morning and driving down from Whistler, and then walking on the beach. I think this year that Vancouver has more snow than we have had here. What a great country we live in - amazing!!! :love_heart:
 

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