Originally Posted by **********

After years and years of renting an upper townhouse, I finally bought a house and to me the timing couldn't have been better. The mortgage rate is right around 2%, and the banks are eager to lend, and even tried to get me to borrow money I didn't need to borrow.

The price of the houses in Vancouver and Toronto are very high. Small tiny homes in Vancouver easily sell for over a Million dollars, and upper Edmonton was doing the same until the oil price drop. Here in Quebec though the prices are much less. I have a huge new construction 4 bedroom 4 bathroom 2 story + full height finished basement on a fair size lot in Laval, just 5 minutes from Montreal, and didn't have to go broke getting it. In other words, prices vary wildly across Canada depending where you choose to buy.