I ask "what benefit to me would it be to buy now?" A mortgage is just debt... And lots have been doing the leverage game.. time for those who are gambling to take their losses.
No benefit at all. Buyers are losing money every month. Not worth it. Condo fees are extremely high, taxes, vacancy tax and whatever rip off taxes you can think of that the government has implemented....
The best time to buy is when you are ready. Do the math, work out your income versus expenses, and determine if you can really afford the house, and not because your friend or neighbour is purchasing a house. The math never lies...it is the reality Buy only if you can afford it, because after your purchase, the Real estate agennts, mortgage broker and lawyers get paid, but you are on the hook to make your monthly payments🙏🏾
For years buyers complained that it was a seller's market and that the sellers had all of the leverage. Now that it's finally a buyer's market they still want to sit on the fence and wait. If you want to buy a house now is the time because it's still a buyer's market but it won't be forever
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Good advice. I commend you for your honesty!
I ask "what benefit to me would it be to buy now?" A mortgage is just debt... And lots have been doing the leverage game.. time for those who are gambling to take their losses.
No benefit at all. Buyers are losing money every month. Not worth it. Condo fees are extremely high, taxes, vacancy tax and whatever rip off taxes you can think of that the government has implemented....
💯 Santo. Hopes and dreams won’t keep prices high. Wages will eventually matter. Math , like gravity, always wins.
Smart and honest guy... Thank you....
Buy now because my #1 Team needs to have steady employment, while the circumstances are full of fear. FOMO is also what most buyers fall for.
Spring will be HOT!
Santos,, what a great advice,, full of wisdom. Keep us informed. Thanks a lot.
Excellent advice Santo
New mortgage rules allow you to get more debts.
i saw today they want to send back 4.9 million temporary residents so there is no rush to buy a house.
Lol you think they're sending them back?
We're getting 2 million more
That is an exaggeration, most of those people will either extend the work permit, or get permanent residence. Maybe 1M will leave the country
Don't forget the millions coming from USA.
@@shabba213none of them will buy houses…. Most will double and triple up in basement apartments.
@@rdefacendis oh we shall see about that. Liberal-ndp dictators will try everything for more voters
real estate is a long run project
i agree but only if it makes financial sense. otherwise it could be an avalanche of issues/problems
The best time to buy is when you are ready.
Do the math, work out your income versus expenses, and determine if you can really afford the house, and not because your friend or neighbour is purchasing a house.
The math never lies...it is the reality
Buy only if you can afford it, because after your purchase, the Real estate agennts, mortgage broker and lawyers get paid, but you are on the hook to make your monthly payments🙏🏾
when HELOCs come back into style, the craziness will begin again.
The market's in an itsy bitsy gully - everyone should take advantage of it 😄
The big short Best scene
For years buyers complained that it was a seller's market and that the sellers had all of the leverage. Now that it's finally a buyer's market they still want to sit on the fence and wait. If you want to buy a house now is the time because it's still a buyer's market but it won't be forever
A buyers market that no one can afford!
@@aceman911it’s why the gullible will use variable rate mortgages with 5% down
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