Admiral Beez
Superstar
There’s never been a market like this’: Why so many Ontarians are moving East during the pandemic https://outline.com/XVkyeV
I know how this goes, we felt the excitement of moving eastward and in 2004 we moved to Fredericton, buying a big house for under $195k. But we also planned to escape if/when we missed the city and wanted to return to TO; so we kept the Toronto house as a rental, knowing that if we sold we‘d never get back into the TO market.
The people in this article sold their house for $1.2m and bought for about half of that. And that sounds great, they’ll likely put the other $600k into retirement saving, maybe pay off a car loan or some debt. But that’s it, you’re irrecoverably committed.
ww