Thursday, March 1, 2007

The Choices for a young family

As the mania continues in full swing in Alberta, what is a young family(or anyone looking to buy) supposed to do? I think there aren't really a whole lot of choices:

  • Continue to rent and wait for sanity to return to markets. But rental market is tight and rents are rising in Edmonton, Calgary, Red Deer and pretty much rest of the province. This could tantamount to putting your 'life on hold' while market returns to some normalcy.
  • Move to some more affordable place like London, ON or Ottawa. Or even Saskatoon. A lot would be dependent on the jobs available in a city and the career position.

What is the best course of action? What are your thoughts?
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