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Hold off for a few months. Canada is one of the few developed countries who hasn't seen their housing bubble burst yet, and the bubble is most pronounced in co
by tatsuke95 14y ago
Hold off for a few months.
Canada is one of the few developed countries who hasn't seen their housing bubble burst yet, and the bubble is most pronounced in coastal BC and the Greater Toronto Area. Vancouver, for a time, was riding some of the highest housing prices in the world.
But that tide is turning, as it has everywhere else in the world. Sooner than later there will be deals to be had.
- fingerprinter 14y agoGood advice, thanks. I've been reading sites like greaterfool.ca and following the RE market in .ca quite closely. Wife and I agree that we would rent for a while as the rents are quite low compared to mortgages and we would see what happens. Either way, IMO, when mortgages are 2x-3x higher than rents, it doesn't make much fiscal sense to buy. Thanks for the heads up!