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This is getting off topic, but it doesn't really matter how Canada is doing financially (from what I hear, we're doing quite fine).

US still has a better standard of living. Canadian housing is getting ridiculous and needs to be controlled. We need cheaper housing. If I were a young person buying a home, I'd rather be buying in California instead of Toronto.

BTW, I'm Canadian.

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While you can get cheap housing in Sacramento or Stockton, the California equivalents of Vancouver, Montreal and Toronto are just as unaffordable as those cities. Maybe more so. If you think commuting Clarington to Toronto is bad, try Inland Empire to Los Angeles or Union City to San Francisco.

If you're a young person looking to buy a home, you need to have your head examined. Doubly so if it's in Toronto or Vancouver. From research I've done into this, it's really better to just rent, and will be barring either legislation expelling speculators out of the market, or the housing bubble bursting.

And also, what talentdeficit said.

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