absolutely. Interest rates are already much higher in my country than in the past 5-8 years and at the same time real estate prices are literally skyrocketing!! nothing makes sense anymore. Everybody wants to escape inflation and according to most people real estate is the answer.
Real estate is a great hedge against inflation. As interest rates rise, so do property values which can translate into taking a larger loan for example.
BC/ON slaves having a hard discussion on housing. AB kings watch and laugh. No need to discuss because you won't be able to buy a house in China... sorry I mean BC/ON.
PRO tip for BC/ON prisoners: Switch your GPS on every now and then and verify you are indeed in Canada and not China. Can't be too careful.
The whole point of the housing discussion is that if you're planning on buying a house now, don't. Give it about 1-2 years. The market will crash and so too will housing prices.
The whole point of the housing discussion is that if you're planning on buying a house now, don't. Give it about 1-2 years. The market will crash and so too will housing prices.
and if not then what? some people in my country have been saying this crash for 6 years now!!! Prices more than tripled since then and many have priced out of the market.
and if not then what? some people in my country have been saying this crash for 6 years now!!! Prices more than tripled since then and many have priced out of the market.
They may have come on a TN visa and might have changed to either L1 or H1. TN to GC is not possible unless they changed to TN to L1/H1 to GC. Go thru the below link. It gives you a better picture.
and if not then what? some people in my country have been saying this crash for 6 years now!!! Prices more than tripled since then and many have priced out of the market.
I think it’s harder there, because there aren’t as many dumbasses taking variable rate mortgages. If it raises and low money investors can’t pay the mortgage, they are forced to sell. Though right now, it’s easy to sell, but if too many sell at the same time, they are forced to lower asking price to sell quick because they can’t afford mortgage.
Probably the housing boom will slow down soon and HOPEFULLY wages will follow in the upcoming years so the real value of the property will decrease even if nominal still slightly increases.
I got an email from the PR Portal email about approval, and had to reply to it to confirm details, including that i was in Canada. It wasn’t a “donotreply” address though.
Hehe my optimistic side agrees with you but my analytics side firmly disagrees. Not gonna depress you all with all of the numbers lol. My suggestion is to move to Alberta, Sask asap unless you're making @GandiBaat drug money
and if not then what? some people in my country have been saying this crash for 6 years now!!! Prices more than tripled since then and many have priced out of the market.
