And then the bad. I can't find the link anymore, but it was pointed to in previous comments. A letter to the editor yesterday in the TC alluded to the idea that anyone who can't afford to buy in Victoria should move to somewhere they can buy, save some money and then come home.
News item: U.S. housing market has worst decline in two decades.
News item: Can't happen in Canada; fundamentals are different.
News item: Calgary unsold houses jump by 7,000
News item: Edmonton and Vancouver: It can't happen here; fundamentals are different.
News item: Edmonton housing prices drop as much as 30 per cent.
News item: Can't happen in Vancouver; fundamentals are different.
The logical fallibleness that exists in such a lame-brained argument is unbelievable. Victoria has had a long-standing well deserved (in my opinion anyway) reputation of a city for newly-weds and nearly deads. My one simple question is who is going to make the latte, or keep track of doctor's billing, or clean homes, or work for the government, or cook meals in restaurants, or build condos for these people who seem to suggest that moving out is the best way to stop the problem of affordability.
Actually, maybe people leaving, and not coming here is the answer. Your answers in comments.