Blingyrie:

There's a serious debate on d Internet about this; mainly because apart from coughing out cash in addition to mortgage, a house owner also pays property rate et al. When lumped up and financially analysed, seasoned immi consultants actually warn against new immigrants buying homes asa they land. Renting is a better option as it feees up your much needed pof; buying is advised when your home's (wife+oga) median income is slightly above that of their province. You can google more on that but again it all depends on how loaded and what our ambitions are.

I bought a 4 bedrooms house in 2013 in London, Ontario. The mortage including porperty taxes varies around $1600/month ($1300 Mortgage + $300 in property taxes). And this was a new house.
I have a sister, who have been paying the same amount of $1600 IN RENT in Ajax, Ontario. WHAT A WASTE.


If I decide to move, I will make a profit by selling my house given that it costs around $400.000 in today market. I brought it at $275.000 in 2013. And on the other hand, my sister will never got the money back she had been putting in rent.

My 2 cents

TheCongo2:


I am against new immigrants maxing out their credit cards to buy new cars.
A car is never a investment expect it is being used for a business.
However, in my opinion buying a house is a must that would save you a lot of $$$ in a long run.
For instance, right now a 4 bedrooms house cost around $400.000 here in London, Ontario.
That means, the montly mortgage is around $2,200 on that property.
Now, someone who had bought that same house 10 years is paying a monthly mortgage of $800 today.
Can you see the difference between $2,200 and $800 ?
And 10 years from today, the monthly mortgage on that same property would be close to $3000.
Why not invest in a mortgage than paying rent? There is nothing to lose by having a house.

It is good to buy a house but only at the right time. Right time being when you are settled, i.e. make an okay income and job is a bit secured. It just doesn't make sense to me for new migrants working survival or back breaking jobs to purchase a house like I have seen among many Philipinos and Nigerians. A classic case of suffering and smiling. It would be hard for such immigrants to even think straight and find ways of bettering their lives cos all they have occupied in their mind is to keep working just to pay off bills and mortgage to prevent defaults. They hardly have any savings.

New migramts settling in canada is like a bell curve. On the average, it would take around 3 years to settle in the country, with some exceptions scattered out the curve...Within that 3 years, your dream job might be outside the province you landed. Using Alberta as an example, a new migrant buys a new 3 or 4 besroom house at $500k in his 2nd year of landing in the country. You later get an excellent job with better career prospect outside the province in your 3rd year...bros...the house would likely sell for far less than 500k when you decide to move. it is no longer a new but renovated house and you lose some money.

Also in my opinion, If one decides to practice in a regulated profession, best to get the license to practise first before taking on a big project like buying a house. Licensing exams are tough and you really want to have time to study for it. Houses would always be there for you to buy when you are okay. Their is no need to rush and put yourself under any unnecessary stress by living hand to mouth cos of the heavy mortgage payment. When you are settled...you can even decide to buy an acreage or get developers to build a house designed to your own taste.

What you said makes so much sense, I see the wisdom in it. U can get your money on your house when you sell it, but your rent is gone for good.


I bought a 4 bedrooms house in 2013 in London, Ontario. The mortage including porperty taxes varies around $1600/month ($1300 Mortgage + $300 in property taxes). And this was a new house.
I have a sister, who have been paying the same amount of $1600 IN RENT in Ajax, Ontario. WHAT A WASTE.


If I decide to move, I will make a profit by selling my house given that it costs around $400.000 in today market. I brought it at $275.000 in 2013. And on the other hand, my sister will never got the money back she had been putting in rent.

My 2 cents

[/quote]

salford1:


It is good to buy a house but only at the right time. Right time being when you are settled, i.e. make an okay income and job is a bit secured. It just doesn't make sense to me for new migrants working survival or back breaking jobs to purchase a house like I have seen among many Philipinos and Nigerians. A classic case of suffering and smiling. It would be hard for such immigrants to even think straight and find ways of bettering their lives cos all they have occupied in their mind is to keep working just to pay off bills and mortgage to prevent defaults. They hardly have any savings.

New migramts settling in canada is like a bell curve. On the average, it would take around 3 years to settle in the country, with some exceptions scattered out the curve...Within that 3 years, your dream job might be outside the province you landed. Using Alberta as an example, a new migrant buys a new 3 or 4 besroom house at $500k in his 2nd year of landing in the country. You later get an excellent job with better career prospect outside the province in your 3rd year...bros...the house would likely sell for far less than 500k when you decide to move. it is no longer a new but renovated house and you lose some money.

Also in my opinion, If one decides to practice in a regulated profession, best to get the license to practise first before taking on a big project like buying a house. Licensing exams are tough and you really want to have time to study for it. Houses would always be there for you to buy when you are okay. Their is no need to rush and put yourself under any unnecessary stress by living hand to mouth cos of the heavy mortgage payment. When you are settled...you can even decide to buy an acreage or get developers to build a house designed to your own taste.

Incorrect. The price of a house would always go UP and never down unless there is a recession which is very rare.
Having a property is the best investment anyone can ever had.

A house you buy today will be 5 years OLD in 5 year, but would cost $50.000 to $100.000 more in 5 year market.
The more you wait to buy a house, the more expensive houses will get.

The common factor among most of the people who buy houses is the following sentence "if I knew then what I know now"

Blingyrie:

There's a serious debate on d Internet about this; mainly because apart from coughing out cash in addition to mortgage, a house owner also pays property rate et al. When lumped up and financially analysed, seasoned immi consultants actually warn against new immigrants buying homes asa they land. Renting is a better option as it feees up your much needed pof; buying is advised when your home's (wife+oga) median income is slightly above that of their province. You can google more on that but again it all depends on how loaded and what our ambitions are.

Imagine this family: Wife is a lawyer back home in Nigeria
husband is a doctor back home in Nigeria. Husband and wife both picked up survival jobs to secure their pof. After 1st year, they rushed and bought a house for 500k cos pastor visited them at the condo apartment they were renting, and pastor said the condo apartment was not befitting for professionals like them..Pastor introduced them to a Nigerian agent. Mortgage payment is around $2300 per month. Husband makes $2000 per month, wife makes $1600 per month...after tax on combined income, take home is $2700....They really don't have a free income, but they were able to get their mortgage approved through the naija estate agent and the Indian mortgage advisor at the bank.

Licensing exams is now becoming an hard nut to crack. They both studied with the little time they have after working their butts off just to pay the huge mortgage payment and bills. Their mind were occupied with avoiding defaults; therefore, none of them could quit their jobs to study cos of mortgage payment; hence, their exam preparation suffered and they failed in the exams. They were struck of the register after exhausting the limited attempts they had. They are now stuck in mortgage payment and survival jobs..Canadian dream is fast becoming a canadian nightmare...coild they have done it better? True story..

TheCongo2:


Incorrect. The price of a house would always go UP and never down unless there is a recession which is very rare.
Having a property is the best investment anyone can ever had.

A house you buy today will be 5 years OLD in 5 year, but would cost $50.000 to $100.000 more in 5 year market.
The more you wait to buy a house, the more expensive houses will get.

The common factor among most of the people who buy houses is the following sentence "if I knew then what I know now"

In Alberta, prices of houses can go up and down within a space of 5 years.

You are also talking about buying a house in the perspective of a settled immigrant which is a brilliant idea.

For new immigrants, getting into a solid career should be priority, and not buying a house asap cos of appreciation and depreciation. In Alberta, you can make over 100k a year and also lose your house within one year after a job loss cos you built your career on a shaky foundation.

@TheCongo2 & @Salford1, you both have sound opinions to be reckoned with.

I believe most people, if not everyone has a REASON to relocate and I want to assume it's mostly to have a more quality life than status quo.

That said, FOCUS should not be lost, giving way to MISPLACED priorities, as earlier pointed out by @honey86. We should have the will power to follow thru.

If someone lands with enough money (say $100k), there's a possibility that they may be able to purchase a house within same year (in select affordable provinces) cos I have read that some FIs would only grant loans to new immigrants with 35% down payment due to bad/No credit history.

One would also assume that this person that lands with say the 100k would have considered setting aside some money to take care of EMERGENCY, should the need arise.

In other words, prudence & wisdom is key here....We shouldn't carry our "window-dressing" attitude (which is synonymous to Lagosians -PARDON ME ) all the way to Canny.

I hope I haven't said anything wrong? Just woke up to wee and it struck me

TheCongo2:


I bought a 4 bedrooms house in 2013 in London, Ontario. The mortage including porperty taxes varies around $1600/month ($1300 Mortgage + $300 in property taxes). And this was a new house.
I have a sister, who have been paying the same amount of $1600 IN RENT in Ajax, Ontario. WHAT A WASTE.


If I decide to move, I will make a profit by selling my house given that it costs around $400.000 in today market. I brought it at $275.000 in 2013. And on the other hand, my sister will never got the money back she had been putting in rent.

My 2 cents

salford1:


It is good to buy a house but only at the right time. Right time being when you are settled, i.e. make an okay income and job is a bit secured. It just doesn't make sense to me for new migrants working survival or back breaking jobs to purchase a house like I have seen among many Philipinos and Nigerians. A classic case of suffering and smiling. It would be hard for such immigrants to even think straight and find ways of bettering their lives cos all they have occupied in their mind is to keep working just to pay off bills and mortgage to prevent defaults. They hardly have any savings.

New migramts settling in canada is like a bell curve. On the average, it would take around 3 years to settle in the country, with some exceptions scattered out the curve...Within that 3 years, your dream job might be outside the province you landed. Using Alberta as an example, a new migrant buys a new 3 or 4 besroom house at $500k in his 2nd year of landing in the country. You later get an excellent job with better career prospect outside the province in your 3rd year...bros...the house would likely sell for far less than 500k when you decide to move. it is no longer a new but renovated house and you lose some money.

Also in my opinion, If one decides to practice in a regulated profession, best to get the license to practise first before taking on a big project like buying a house. Licensing exams are tough and you really want to have time to study for it. Houses would always be there for you to buy when you are okay. Their is no need to rush and put yourself under any unnecessary stress by living hand to mouth cos of the heavy mortgage payment. When you are settled...you can even decide to buy an acreage or get developers to build a house designed to your own taste.

@czaratwork please when you can,I'm anxious to hear about your ACCA to CPA conversion .thanks

czaratwork:
[I will give you detailed narration on my ACCA to CPA conversion on Sunday when I have full access to internet. I am still on it though. For your cheap flights try travelpaddy.com quote author=follyzee post=59543605]Hello House

I'm new on this forum and I have taken time to scan thru the previous pages. I must commend the detailed responses, supports n advice being given.

I'm an express entry candidate awaiting COPR, however I have been trying to get all necessary info.

I am contemplating living in Saskatchewan with my family.
Pls what is the cheap route there ie which airport is adviSable and which airline.

2 Pls I don't seem to understand the frsc issue. Am I suppose to get a letter from them b4 leaving nigeria

3 pls would really appreciate if someone living in Saskatchewan can give a vivid description and advice on which area to live in

4 regarding my occupation, I'm an accountant with ACCA, I will appreciate any advise from someone in my field

Thanks alot as I await ur responses

toyogirl:
@TheCongo2 & @Salford1, you both have sound opinions to be reckoned with.

I believe most people, if not everyone has a REASON to relocate and I want to assume it's mostly to have a more quality life than status quo.

That said, FOCUS should not be lost, giving way to MISPLACED priorities, as earlier pointed out by @honey86. We should have the will power to follow thru.

If someone lands with enough money (say $100k), there's a possibility that they may be able to purchase a house within same year (in select affordable provinces) cos I have read that some FIs would only grant loans to new immigrants with 35% down payment due to bad/No credit history.

One would also assume that this person that lands with say the 100k would have considered setting aside some money to take care of EMERGENCY, should the need arise.

In other words, prudence & wisdom is key here....We shouldn't carry our "window-dressing" attitude (which is synonymous to Lagosians -PARDON ME ) all the way to Canny.

I hope I haven't said anything wrong? Just woke up to wee and it struck me

Sister..this canada project requires a lot of wisdom and prayers o. lol

My friend that i spoke to yesterday (mentioned in my early post) is on target of making 100k this year, but he knows his current job is not secure...

He is in the constructing and building industry back home in Nigeria, and he is yet to get his license to practise here in Canada which would also get him a stable job, but his wife is hell bent on them buying a new house like their friends at church.

He currently pays just over 1k at the apartment the family lives in. His aim is to save as much as he can on his current not secured job and take two years off to study and pass his licensing exams. He knows if he buys a house now..he might end up never ever returning to his original career and become stuck in paying mortage and bills with nothing solid on ground.

He had already made up his mind on what to do and only called me for a 2nd opinion.

salford1:

Sister..this canada project requires a lot of wisdom and prayers o. lol

My friend that i spoke to yesterday (mentioned in my early post) is on target of making 100k this year, but he knows his current job is not secure...

He is in the constructing and building industry back home in Nigeria, and he is yet to get his license to practise here in Canada which would also get him a stable job, but his wife is hell bent on them buying a new house like their friends at church.

He currently pays just over 1k at the apartment the family lives in. His aim is to save as much as he can on his current not secured job and take two years off to study and pass his licensing exams. He knows if he buys a house now..he might end up never ever returning to his original career and become stuck in paying mortage and bills with nothing solid on ground.

He had already made up his mind on what to do and only called me for a 2nd opinion.

I think your friend is on d right track and whatever he saves can earn some form of interest in an investment portfolio while he schools

salford1:

Sister..this canada project requires a lot of wisdom and prayers o. lol

My friend that i spoke to yesterday (mentioned in my early post) is on target of making 100k this year, but he knows his current job is not secure...

He is in the constructing and building industry back home in Nigeria, and he is yet to get his license to practise here in Canada which would also get him a stable job, but his wife is hell bent on them buying a new house like their friends at church.

He currently pays just over 1k at the apartment the family lives in. His aim is to save as much as he can on his current not secured job and take two years off to study and pass his licensing exams. He knows if he buys a house now..he might end up never ever returning to his original career and become stuck in paying mortage and bills with nothing solid on ground.

He had already made up his mind on what to do and only called me for a 2nd opinion.

Salford1, your friend can still buy the house and have someone or a family rent a part of it (like the basement).
This way, he can still be paying 1K in monthly mortgage instead of tossing it in rent.
Some people buy houses and don't even spend a dime in monthly mortgage because they have renters paying for them the monthly mortgage.

amokemi:
Thank you very much for this valuable info. I will be landing in Winnipeg In a few weeks, pls do you mind if I PM You?

Grateful

I don't mind at all.

CanadianNurse:
I just PMed you sir/ma... I'll be in Winnipeg on 30th of this month

I will check and get back to you.

TheCongo2:


I strongly disagree with the bolded part. Having a property is the best investment and the sooner someone buys a house, the better.
In addition to that, you will still pay rent if you don't own a house. So, why not to invest your money in your own mortgage than paying someone's else mortgage in the form of rent?
And if you want to move, you can still sell the house and get your money back whereas if you have been renting you will never got the rent money back.
In my opinion, the money you put into rent is money that you have thrown at the window.

Ok o, I don talk my own. A family earning $50,000 in total buying a house of $380,000 just because they want to show. The evidence is all around me. Living in Canada and someone in Lagos is fresher than them because they don enter gbese.

TheCongo2:


I bought a 4 bedrooms house in 2013 in London, Ontario. The mortage including porperty taxes varies around $1600/month ($1300 Mortgage + $300 in property taxes). And this was a new house.
I have a sister, who have been paying the same amount of $1600 IN RENT in Ajax, Ontario. WHAT A WASTE.


If I decide to move, I will make a profit by selling my house given that it costs around $400.000 in today market. I brought it at $275.000 in 2013. And on the other hand, my sister will never got the money back she had been putting in rent.

My 2 cents

May I ask what your initial down payment was?

Blingyrie:

May I ask what your initial down payment was?

20K

honey86:


Ok o, I don talk my own. A family earning $50,000 in total buying a house of $380,000 just because they want to show. The evidence is all around me. Living in Canada and someone in Lagos is fresher than them because they don enter gbese.

Com'on. How do you know they wanted to show off by buying the house?

If it's not showing off what is it?. It makes no financial sense to be house poor. Maybe they were wrongly advised. We live in a house that most Nigerians won't even consider living in. They abused us that we are being stingy. A 3 bedroom semi detached house that was $205,000. Down payment $21,000 and we pay $820 monthly, property tax is $140. You see if interest goes up tomorrow, i will sleep peacefully. By the way, we bought after 3 years because hubby has a stable job.

@thecongo2 is spot on.

Buying a house or not, an individual or family must have a roof over their heads.

If a newly landed or settled immigrant has enough funds for a down payment and can afford to pay the mortgage monthly and can get a mortgage approval, then it is wiser to buy a house instead of renting.

The issue @salford1 may have is in the mentality of some Nigerian immigrants wanting to "feel among" or "compete" or "show off" and going to buy a $500k house with a mortgage that is $2k or above. However salford didn't consider that those families must still pay rent of $1k at the very least.

There is the option of buying a condo instead which has a mortgage plus property tax and utilities coming to under $1k per month or even a 3 bedroom townhome with a basement that would cost about $350k with a monthly mortgage of under $2k and that basement could rent out for $800 monthly. In this case, buying a house is a very wise financial decision because you are paying the same as you would pay as rent or even less but it's towards your own house.

Real estate is and always has been and may always be the best investment anyone could make. It almost always appreciates. I am yet to see anyone purchase a property in an area that is not dilapidated that eventually makes a loss. Buying a property isn't tied to one specific location. You can always sell your property, take the equity you've made from it and put it towards a new property in your new location.

Owning your own home (house, townhome, bungalow, condo etc) is more of a necessity than a "prestige" in North America.

This is my personal opinion.

Lol..@Salford1, I believe your friend should be able to sort this out wisely with the spouse eventually...that's the ish with some....They want something "like others", whether or not their goals and aspirations conform....It is well

@vcole, I like your choice of words at some point landing with "ENOUGH"....well, as long as things fall appreciably within the 50/30/20 rule, then no wahala....at least, no one person will be held accountable for another person's recklessness. ...If na me chop the gbese, na me go carry am!

I've seen a lot of cases especially in the UK where you from naija here goes visiting and you end saving the day financially...meanwhile, these are people that will do stuff (extravagant parties, etc) and other people will envy and want to 'be like them' hmmm enough stories we can't even go into now....

salford1:

Sister..this canada project requires a lot of wisdom and prayers o. lol

My friend that i spoke to yesterday (mentioned in my early post) is on target of making 100k this year, but he knows his current job is not secure...

He is in the constructing and building industry back home in Nigeria, and he is yet to get his license to practise here in Canada which would also get him a stable job, but his wife is hell bent on them buying a new house like their friends at church.

He currently pays just over 1k at the apartment the family lives in. His aim is to save as much as he can on his current not secured job and take two years off to study and pass his licensing exams. He knows if he buys a house now..he might end up never ever returning to his original career and become stuck in paying mortage and bills with nothing solid on ground.

He had already made up his mind on what to do and only called me for a 2nd opinion.

vcole:
@thecongo2 is spot on.

Buying a house or not, an individual or family must have a roof over their heads.

If a newly landed or settled immigrant has enough funds for a down payment and can afford to pay the mortgage monthly and can get a mortgage approval, then it is wiser to buy a house instead of renting.

The issue @salford1 may have is in the mentality of some Nigerian immigrants wanting to "feel among" or "compete" or "show off" and going to buy a $500k house with a mortgage that is $2k or above. However salford didn't consider that those families must still pay rent of $1k at the very least.

There is the option of buying a condo instead which has a mortgage plus property tax and utilities coming to under $1k per month or even a 3 bedroom townhome with a basement that would cost about $350k with a monthly mortgage of under $2k and that basement could rent out for $800 monthly. In this case, buying a house is a very wise financial decision because you are paying the same as you would pay as rent or even less but it's towards your own house.

Real estate is and always has been and may always be the best investment anyone could make. It almost always appreciates. I am yet to see anyone purchase a property in an area that is not dilapidated that eventually makes a loss. Buying a property isn't tied to one specific location. You can always sell your property, take the equity you've made from it and put it towards a new property in your new location.

Owning your own home (house, townhome, bungalow, condo etc) is more of a necessity than a "prestige" in North America.

This is my personal opinion.

Interesting discussion so far. Was a delight to read every contribution to the discussion.

40manlappy:


See what I found out via the following links and IRCC's Twitter handle. Take note of references to the statutes.

Of course, you cannot do your landing formalities in Quebec.

cc: Blackbuddy, Fusion23

http://www.cic.gc.ca/english/newcomers/about-pr.asp

https://www.quora.com/Does-Canada-Express-Entry-PR-allow-someone-to-work-in-Quebec-as-well

http://www.canadavisa.com/canada-immigration-discussion-board/threads/living-and-working-in-quebec-as-a-fsw-immigrant.440737/

Thanks for your points

I have a similar question as well

Can someone who's nominated by a certain province live and work in another province?

During provincial nomination application processing most of them normally ask applicants to sign some provincial forms, which are in form of an oat or agreement that u will live and work in there province.

Nice discussion so far with amazing points however one principle in life is "Man know thyself".
This canadian dreAm is individualized as no one story fits all.
I usually advised, get as much POSITIVE information as possible on how things are done in diverse aspect of the Canadian society, then tailor it to your pursuit and goals.
Some bought house as soon as they landed and it was a good decision, others did and they regretted.

The Bible will say "Galatians 6:4-5, MSG Make a careful exploration of who you are and the work you have been given, and then sink yourself into that. Don’t be impressed with yourself. Don’t compare yourself with others. Each of you must take responsibility for doing the creative best you can with your own life."
In essence always make INFORMED DECISIONS as it suit your plan...

Tosean:


Thanks for your points

I have a similar question as well

Can someone who's nominated by a certain province live and work in another province?

During provincial nomination application processing most of them normally ask applicants to sign some provincial forms, which are in form of an oat or agreement that u will live and work in there province.

It's not worth the risk. There have been cases were people have been sent letters for violation of their residency obligations.

Ekpekus:
Nice discussion so far with amazing points however one principle in life is "Man know thyself".
This canadian dreAm is individualized as no one story fits all.
I usually advised, get as much POSITIVE information as possible on how things are done in diverse aspect of the Canadian society, then tailor it to your pursuit and goals.
Some bought house as soon as they landed and it was a good decision, others did and they regretted.

The Bible will say "Galatians 6:4-5, MSG Make a careful exploration of who you are and the work you have been given, and then sink yourself into that. Don’t be impressed with yourself. Don’t compare yourself with others. Each of you must take responsibility for doing the creative best you can with your own life."
In essence always make INFORMED DECISIONS as it suit your plan...

True talk my bros....God help us all.

Tosean:


Thanks for your points

I have a similar question as well

Can someone who's nominated by a certain province live and work in another province?

During provincial nomination application processing most of them normally ask applicants to sign some provincial forms, which are in form of an oat or agreement that u will live and work in there province.

If you do this, it may backfire when you want to change status from PR to citizen.. cos this canada have ways to track these things..
I Wil advise, just jejely stay for the province wey nominate you and after fulfillment of the obligation, which sometimes takes 2-3years, then you can find your way..

TheCongo2:


I bought a 4 bedrooms house in 2013 in London, Ontario. The mortage including porperty taxes varies around $1600/month ($1300 Mortgage + $300 in property taxes). And this was a new house.
I have a sister, who have been paying the same amount of $1600 IN RENT in Ajax, Ontario. WHAT A WASTE.


If I decide to move, I will make a profit by selling my house given that it costs around $400.000 in today market. I brought it at $275.000 in 2013. And on the other hand, my sister will never got the money back she had been putting in rent.

My 2 cents

From my small finanacial knowledge, if you both had d same start off (down payment you made) and are making independent mortgage and rent payments of 1600 monthly, your sister would have a humble profit too by now. Example:
Your down payment is 20k
Her start off is 20k
Investment portfolio @3% from 2013-2017 20,200. This looks small abi? Ok now consider this:
D 275k is devoid of d other fees which u didn't enumerate; thus it would add to d over all increment in the house cost. Pls recall that there is also a service charge taken directly from sale of the property. At the end of all d calculations, u wud make a profit but not overly significant as d400-275= 125 profit.
Now, what would your sister have gained for this period?? So apart from her lil nest of safe heaven, she would have had d time to upgrade her skills/qualifications towards getting a gud job. She may have changed provinces for a better job and wouldn't need to bother about d new house she just bought. By sheer dedication, prudence and dogmanship, she would have landed herself her true Canadian dream, well on the way to citizenship in 3yrs. When she has arrived with oga, she can then take her time to decide d best fit community for them to settle for d next decade or so.
Personally, we have decided to rent for d first 2-3yrs to fetch us d much needed time for assimilation n sieving through choices, while investing our nest in an investment portfolio. Thereafter, I will buy surely, for d kids future.
Just ma opinion tho
This video may help:

https://www.youtube.com/watch?v=KAMeI4uHAFE

https://www.youtube.com/watch?v=UcMisMbdbdE

TheCongo2:


Incorrect. The price of a house would always go UP and never down unless there is a recession which is very rare.
Having a property is the best investment anyone can ever had.

A house you buy today will be 5 years OLD in 5 year, but would cost $50.000 to $100.000 more in 5 year market.
The more you wait to buy a house, the more expensive houses will get.

The common factor among most of the people who buy houses is the following sentence "if I knew then what I know now"

No my dear, Alberta is just struggling out of a bad recession now. Prices of houses did plummet a year and 2 back and my friends were caught in it. So nothing is constant, just as price of markets and inflation, real estate also fluctuates

TheCongo2:


Salford1, your friend can still buy the house and have someone or a family rent a part of it (like the basement).
This way, he can still be paying 1K in monthly mortgage instead of tossing it in rent.
Some people buy houses and don't even spend a dime in monthly mortgage because they have renters paying for them the monthly mortgage.

Am pretty sure that's more of the arrived and settled immigrants naa, not yet-to or newbies like us. We need to keep our options open cos we only follow d job trial d intitial year or 2

tarahray20:
Which city has the best jobs for human resources?

Hi,
Nigerians should learn how to do their own research and stop relying on people who may give you wrong advice
A simple research on workpolis or indeed.ca will give you the answers you seek.
Another thing you can do is what I call “kiting your CV”. Test run the market and see if your resume gets the attention you seek.
Cheers Folks

Very nice discourse. Loving it!

Thanks for the useful answer even though i wasn't the one that asked.

Please bear in mind that a simple research for best city for ..... would produce an abstract answer and a non-resident would not know about workapolis or indeed.ca which is why we have this group.

Ballerz:


Hi,
Nigerians should learn how to do their own research and stop relying on people who may give you wrong advice
A simple research on workpolis or indeed.ca will give you the answers you seek.
Another thing you can do is what I call “kiting your CV”. Test run the market and see if your resume gets the attention you seek.
Cheers Folks