Quote:
Originally Posted by darkharbour
This is definitely visible in my experience, almost half my small residential street in SJ is now ex-Ontarians who moved to NB in the last 2-3 years, and virtually all of the job applicants for the last few positions we've advertised for at my office are all being sent from Ontario addresses. I can't blame them for looking at other options given the market in the GTA, and I love the expansion of our labour market to include those with more broad experiences outside of the region, but it definitely has a chilling effect on those who have been trying to work local salary levels to save up for home ownership.
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Same (Moncton). The market has cooled from "surface of the sun" to "lava".
Every once in a while I check realtor.ca in my neighbourhood and see stuff that should have sold for 90-110K a few years back now in the 250-300K range. And all of my neighbours who have recently bought (3 on my block that I know of) are from Ontario.
It's ironic that I'm sitting on about 200k more house equity than 4 years ago but it doesn't mean a lot to me, considering my real plan was just to pay it off and live here for another decade or two.
Just means more taxes.