akwok9517 : Thanks for HOST your detailed sharing of mortgage, particularly 👍 BIG 666 market 👍. Now, I know why so many " VEGETABLES " fools to buy house 🏠 . Direct. * FP. * full pay instead call 📞 loan mortgage from bank. 😱😱🙃😇🥰😍 25 August
Canada real estates are going off the chart! I purchased a detached home in mid 2021. I got a market valuation a few weeks ago and realized that the value has increased over 30%. In just two years, it jumped over 30%. As a home owner, I welcome this hike but I also feel the pressure and burden of the youngsters who are doing 9 to 5 jobs and sacrificing their lives for their homes.
Congrats! I purchased a townhouse and a 1 bed apartment back in 2017! Noticed the rents went really high nowadays. Feel sorry for the young people. But everyone has gone thru those days!
And do you realise that the market has been softening since last year and there sales are down like 30% YTY? The whole world is collapsing since the rate hike is still ongoing. Canada is the worst in terms of mortgage loan to GPT ratio among G7… I’m just telling the truth…
I pretty much is in the same situation as you. But I am seeing the latest hike is really putting pressure on the housing price. A lot of sellers didn't get any good offers for the past 2 months and you see a lot of them either take it off the market or re-post for a lower asking price. I am struggling to decide if this is a great buy opportunity or the market is crashing
