With current mortgage rates available at 3.69 % for 5 years through Origin , no wonder the first time buyers are jumping in. Sales are picking up briskly and prices are stabilizing. Bank of Canada will meet tommorrow and may reduce bank lending rate to .25% Its a great time to look for your new home, investment. If the dollar devalues , a rentable asset can carry you through this cycle...
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The Psychology of House-Hunting
With house ...
So everyone is asking, is NOW the time to buy? Well that depends on your situation. If you are selling your home and buying another you have currency in this market. If we drop another 10%, yes you can buy that house cheaper but you will sell for less as well. If you have the nerve you could sell now with a long closing and wait a few months if we hit bottom. BUT they dont ring a bell when we ...