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Re:The U.S. Housing Market vs. the Canadian Housing Market by Waterluvian on Saturday September 09, 2023 @01:45PM (#37448038)
I bought a home in Woodstock, Ontario for about 525k in 2019. Last year comparables sold for almost $1M. And now they’re back down to about $600k.

Family wealth going up is somewhat written in fake money. Especially if you’re paying a mortgage with a rate that might renew at double.

Toronto is still super desirable but I think there’s real risk, versus it being a guaranteed good investment the way the boomer generation has been hammering into us about real estate. Can you imagine buying a home at $900k, only for it to fall 33% in value and your mortgage interest payments double?

Re:The U.S. Housing Market vs. the Canadian Housing Market by mabbo on Saturday September 09, 2023 @01:51PM (#37448107)
Huh, that low in Woodstock, eh?

We're considering moving to London (ON) to be near family and friends, since we're both remote workers anyway. Interesting to hear the prices down there are falling.

Re:The U.S. Housing Market vs. the Canadian Housing Market by Waterluvian on Saturday September 09, 2023 @01:54PM (#37448151)
Woodstock is an incredible city to raise a family. And it’s literally on the 401 and 403. Highly recommend you investigate a bit and consider it.

If you aren’t raising a family you’ll find Woodstock to be devoid of stuff to do for adults unless you hate people.

Re:The U.S. Housing Market vs. the Canadian Housing Market by Fervicus on Saturday September 09, 2023 @02:15PM (#37448437)
Can you list some reasons that make Woodstock an incredible city to raise a family? I am curious
Re:The U.S. Housing Market vs. the Canadian Housing Market by Waterluvian on Saturday September 09, 2023 @04:19PM (#37449865)
It’s smaller so it’s generally just lower stress. You can comfortably walk to Southside park from most neighbourhoods. Amazing splash park and family pool and playgrounds. Good schools. Less traffic means less anxiety with letting kids be independent. I love being able to drive literally anywhere in 7 mins and making unprotected left turns during “rush hour” without waiting an eternity.

A lot of good programs, especially at the library. There’s a great robotics program at the highschool level. Lots of sports leagues… it’s kinda wild how many quality ball parks there are here (with fences and clay infields and lighting). Good hockey arena. Good curling program for adults and kids.

Both my partner and I volunteer at schools and they’re generally great. Filled with teachers who care quite a lot.

It feels like what Waterloo was when I grew up there in the 90s. I love seeing roving bands of kids on bikes without parents in tow.

Of course a lot of it is subjective. Everyone has to make their own decisions.

Re:The U.S. Housing Market vs. the Canadian Housing Market by Fervicus on Saturday September 09, 2023 @05:52PM (#37450658)
Thanks! Do you work remotely?
Re:The U.S. Housing Market vs. the Canadian Housing Market by Waterluvian on Saturday September 09, 2023 @06:00PM (#37450719)
Yep, for about five years now. I can’t cay much about the commute other than you’ve got decent access in three directions of southern Ontario. My neighbour goes to Toronto daily and woof… he leaves at like 5am to avoid the traffic.
Re:The U.S. Housing Market vs. the Canadian Housing Market by otoburb on Saturday September 09, 2023 @11:19PM (#37452603)
>>My neighbour goes to Toronto daily and woof… he leaves at like 5am to avoid the traffic.

And therein lies the rub. The 401 and 403 (heck, even the QEW and most other major highways) were (and still are!) so congested that it was a deciding factor to moving away from Toronto.

The only other place that reminded me of my days in sitting endlessly in stop-and-go traffic on major highways in Toronto was LA, which is a different major North American city famous for its gridlock.

Re:The U.S. Housing Market vs. the Canadian Housing Market by 0x5345414e on Saturday September 09, 2023 @06:30PM (#37450941)
I am in London right now temporarily. I’m sure you’ve spent time here but: downtown is riddled with drug addicts, traffic is TERRIBLE, it’s a 2 hr drive from basically everything. There are some nice areas (Wortley, Byron, etc) but idk, if you have options I can’t say I’d recommend it.