On 2018-12-27 12:40 p.m., Dave Smith wrote:
> On 2018-12-27 12:39 p.m., dsi1 wrote:
>> On Thursday, December 27, 2018 at 12:52:20 AM UTC-10, Julie Bove
>> wrote:
>>>
>>> This one more than doubled in price from what we paid for it. It's
>>> now worth about half a million.
>>
>> That is my understanding about the situation in your area - Oregon
>> too. That's unfortunate for people looking to buy a home but it's a
>> good deal for you. Well, it would be if you were looking to sell your
>> home and move elsewhere.
>>
>
> It's happening around here too. Housing prices in Toronto, about 70
> miles from here, are soaring, so young people are looking for housesÂ* in
> the burbs and commuting. Meanwhile, boomers that worked in Toronto are
> cashing in on the soaring prices, selling their houses in the city for
> $1-2 million and picking up a place in smaller towns for a fraction of
> that and pocketing a lot of cash.

That's happening in Vancouver but they move to the Okanagan and the
prices there are soaring as a result.