真係唔知係咪好, 搞到最後無晒錢, 咪又加返稅

i have the same thought too....
how do they define mid-class? family income less than $80k

city of edmonton built about 100 townhomes for sale to mid-class familes
income less than 56k
but it finally has so many unsold

係咪平好多? 點解無人買? location 唔好?

average towhome is about 280k, those are 220k
but it has restricitions, eg) can't sell it in the 3 years or you have to pay the different (like hk public housing).....

the special is, for the first 3 years, you don't need to pay for the land, just the mortgage on the house itself

it is located at some old school lots.... i think older communities...
we thought about it to buy one, but the resale value won't be very high
it is for people looking for long term house instead of us

唔係喎, 一般情況下, 樓市係會升(就算舊區), 咁係好好的 stepping stone 喎! 3 年唔駛比 land tax, 慳好多啦!

i don't really understand why too...
coz the builder is still selling them
i still remember 1 year old when the city announced this plan
they said need to send application and draw gar...
but now.....

not land tax ah...
no need to the land for 3 years... the value of the land
say land = 100k
house = 150k

only need to pay mortgage on 150k in the first 3 years

咁計落條數有賺喎, 3 年後即賣!

if someone will buy it loh......
coz you need to pay back house + land if you sell it

oh.. now is 2:37 la.. my clock is showing 1:55...runs out of battery...
it stops....