Wednesday, June 8, 2022

Maritime real estate cheap; everything else expensive

We were settling into our hotel in New Brunswick the other day. Stopped off at the Al Cool shop for supplies. Al Cool is the name of the government liquor chain out here. Cool name, eh? Sounds way more user-friendly than "LCBO." The gin coolers the Farm Manager prefers run three bucks a pop in Ontario. In New Brunswick, the same pop sets you back $4.50. We're in Nova Scotia now. My favorite red wine that's twelve bucks there is half that again here. In fact, pretty much all of your consumer goods are noticeably more expensive here. On the other hand, if you're acclimatized to Ontario real estate prices, you'll be gobsmacked by what goes on out here. We're staying with some old friends who sold their modest North York bungalow and relocated to the south shore of Nova Scotia. They traded that bungalow for thirty acres, 1,000 feet of ocean frontage, and a five bed six bath almost-new home. That's way more house than we'll ever need. A more modest two bath oceanfront place with open Atlantic ocean views can be had for $2-300k. Sell your Ontario house for a million, retire here, you can absorb an extra couple hundred bucks on the monthly budget in perpetuity, and still come out half a million to the good. And if you do run short, the local lobster plant is always hiring.

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