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Thanks for that Lil.
There are definately similarities to the Vancouver market. It has been cheaper for some people to buy rather than rent here for years now. People who could barely afford the low-rate mortgages were buying-in and soon as their terms are up, I can see many foreclosures.
I have been thinking for awhile that the market would slow down but it just keeps going... I got sick of where I was living so just bought my first place 1 month ago. I am watching with a little more interest these days...
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