It feels so normal here

Another warm sunny day in Ottawa. Here’s what I get for having given up on the “best place on earth”:

– more cultural activities
– people who are polite and say hi to you on the street
– neighbourhoods that feel like neighbourhoods
– ethnic diversity but not segregation
– no homeless people outside of downtown
– breakins are regarded as newsworthy
– much better job opportunities

I can break the RE market into three sectors:

– Gatineau, Quebec
Prices that are actually reasonable. $200K gets you this in the English-speaking community of Aylmer:

http://passerelle.centris.ca

– Generic Ottawa
Overpriced but if you really want to buy, you won’t become a debt slave. $300K gets you this in Silicon Valley North:

http://www.realtor.ca

– Trendy Ottawa
Definite bubble territory, but still more for your money than Vancouver. This $1.2 mil house in the Glebe likely would not rent for more than $3500/month:

http://www.realtor.ca

Compare with this rental:

http://ottawa.en.craigslist.ca

Or you can rent, there’s lot of quality stock, the landlords aren’t psychos and people don’t treat you like a leper.

Enjoy the rain.

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Donald Trump
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Donald Trump

Ah yes…..as I comb my flaxen hair,…..practice my patented squint , emerge from my Occupy Vancouver tent , anyone know where I can have a shit, shave and shower ?

RaggedyRenter
Guest
RaggedyRenter

Pick your poison for the next 1-2 years:
The economy gets better, interest rate resets to normal, 10% (650,000) who can’t afford 1% increase would eventually default.
The economy gets worse, interest rate goes to emergency rate again, unemployment rises and paycheque-to-paycheque Canadians would default.

Oilman
Guest
Oilman

A collapsing European economic union, that necessitates a massive rate cut bodes well for housing? These rates are an indication that things are royally screwed in the world. This is a calamitous enough event to give people serious pause when it comes to making the single biggest financial decision in their lives. I hope.

Troll
Guest
Troll

@E: Rates have nowhere to go but up..remember?

Manson
Guest
Manson

@E… Means anyone with a variable mortgage pays less to live..and renters pay the same or more.

taylor192
Member

@fixie

You have a reading comprehension problem, how about you fix that before replying.

I didn’t imply Ottawa winters are a constant -40C, I said there’s usually a week of -40C once a year. Just like I won’t say it rains all the time in Vancouver, cause it doesn’t, and when it does its not “rain” as in the downpours I was used to in Ottawa, it just drizzles in Vancouver. In fact very rarely does Vancouver actually gets a significant downpour for how much rain we do get.

Is that concise enough for you? or would you like to keep nit-picking things you don’t even understand? Let me know so I can label you appropriately.

taylor192
Member

@patriotz

Good you can find 22 municipal jobs, can you also find the news articles stating the mayor wants 4000 cut?

I love how everyone is so literal lately. Hiring freeze doesn’t mean no hiring, it means no new positions. FFS. If a position comes free cause someone vacates it, it can be filled. Yet in the federal government even this is being clamped down on.

E
Guest
E
Devore
Member
Devore

So far low interest rates haven't stimulated real estate sales. It seems they've only stimulated average prices and monthly payments.

whydoItry
Guest
whydoItry

You can get use to a dry cold of -5 or -10C. If your dry, you'll survive. But you can die of exposure when it 5C and your wet.

But most Vancouverites don't go out to the parks or the seawall when its raining, even when its 10C. They just stay indoors, seems like a waste of money to live here when you don't appreciate it. The other day, I asked a buddy if he wanted to go for a run. He said "you're kidding right?, its cold and its raining! Let's go to the indoor gym instead."

Typical Vancouverite – afraid of getting a little cold and rusting.

chilled
Member
chilled

@Fabio:

"How are the ladies in Ottawa? nicer then in Vancouver?"

Fabio, you ARE that greasy guy from EHarmony, aren't you!!

Ottawa Beauties
Guest
Ottawa Beauties
patriotz: How are the ladies in Ottawa? nicer then in Vancouver? _____ Lol – if you have to ask you have never been outside of Vancouver. Ladies pretty much everywhere are nicer than those in Vancouver. That being said, it is true that Vancouver has some of the most beautiful woman in the world. The ladies in Ottawa, especially the French Canadian ones, are, for the most part, very friendly, forward, intelligent, beautiful, low maintenance and very fun. More importantly, women in other parts of the country understand their "social capital" and how it wanes as they get older, and hence they adjust their expectations of what they want in men and what is truly important. They tend to progress much more quickly from wanting the hot bad boy to wanting a caring, responsible mate as compared to the Vancouver… Read more »
Anonymouse
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Anonymouse

@Fabio:

"patriotz: How are the ladies in Ottawa? nicer then in Vancouver?"

They all stop and say hello to you in the street, apparently.

Anonymous
Guest
Anonymous

@Fabio:

"patriotz: How are the ladies in Ottawa? nicer then in Vancouver?"

Of course they are. Ottawa is heaven. That is why patriotz hangs there. If you were broke you would go there too.

BTW patriotz don't do girls.

Real Turd Detector
Guest
Real Turd Detector

@fixie guy:

RE: constant -40C

"Hard to believe, it’s not about you this time sugar. It’s entirely possible someone else made that original assertion."

Maybe you can point out where that statement was made. It wasn't on this blog.

Do you happen to live in Ottawa? Have an open house this weekend maybe?

Fabio
Guest
Fabio

patriotz: How are the ladies in Ottawa? nicer then in Vancouver?

jack
Guest
jack

Manson ".I will take flat growth over Crash any day."

we can't have flat growth, that is the problem with our debt based economy. it is either growth or crash. It is ponzi scheme,

Manson
Guest
Manson

@RaggedyRenter…Np Prob..I just don't think we need American style Doom and Gloom in Canada..I hope whatever situation we as a nation get in we don't experience to much hardship..I will take flat growth over Crash any day.

pricedoutfornow
Guest
pricedoutfornow

@E:

No need to get too excited about a cut in interest rates. This means the economy's not so hot. Besides, most people have way too much debt already to take on even more debt, no matter how low rates go.

jesse
Member

@taylor192: "Hiring freeze doesn’t mean no hiring, it means no new positions"

I don't know where you come from on this but when I've experienced a "hiring freeze", nobody gets hired. People quit, the company/department must figure out a way of downsizing internally and recasting within this framework. With "hiring freeze" there are always exceptions but can often require approval all the way to the "top".

This has been my experience but others may institute a "hiring freeze" when they really mean "headcount freeze".

Donald Trump
Guest
Donald Trump

Quit squabbling

Everyone can get rich on Real Estate.

"Build it they will orgasm" ..err "come".

Later you can sit on your ass and market your Brand Name, keep a trophy wife for 4.72 years…maybe do a reality TV show.

……you get my drift

RaggedyRenter
Guest
RaggedyRenter

@Manson

Apology if I came across bitter. Reality is, you or I won't have much pull on changing what's coming in the next 1-2 years.

Reality is, 10% mortgage owner can't afford 1% rate increase. Reality is, a lot of Canadians (renter and homeowner) are currently living paycheque-to-paycheque. Can you change/deny this reality?

You just have to think about what's best for you and your family and adjust and prepare the best way you can. If it means selling your house, or Raggedly renting so you have financial headroom, so be it.

Patiently Waiting
Member
Patiently Waiting

Latin American investors scoop up cheap Florida real estate.

http://www.bbc.co.uk/news/magazine-15649293

“The American dream of owning a home has been outsourced.”

Locals can no longer get financing so foreigners are buying luxury waterfront condos with cash. I wonder if this will happen to Vancouver in a few years.

registered
Member
registered

110 taylor192 Says: "You have a reading comprehension problem, how about you fix that before replying.

I didn’t imply Ottawa winters are a constant -40C…"

Hard to believe, it's not about you this time sugar. It's entirely possible someone else made that original assertion. Personalize much?

Donald Trump
Guest
Donald Trump

I see Greece has a fire sale on.

I was thinking of buying the Parthenon.

Look good as a compost box or chicken coop in Vancouver…doncha think ?