The situation is known as “house poor” – when a disproportionate amount of an individual’s savings is tied up where they live. They have a lot of money, but it’s all tied up in the bricks and mortar.
http://www.bnn.ca/News/2015/6/8/Is-your-house-your-retirement-plan.aspx#
Click on the banner to see this month's Macrealty Real Estate Market Update
Click on the banner to search Macdonald Realty listings
Photo courtesy of TOURISM VANCOUVER
Photo courtesy of TOURISM RICHMOND
Photo courtesy of CITY OF BURNABY
Photo courtesy of TOURISM NEW WESTMINSTER
Photo courtesy of CITY OF SURREY