Unsure about the Housing Market....let's talk!
If you’ve been thinking about buying a property, whether that
be your first home, next home, forever home, or a home to
retire into, the current state of the Canadian economy might
have you wondering: Is this really the right time to make a
move? There is certainly no shortage of doom and gloom in the
news out there.
The truth is, that’s a tough question to answer in the best of
times. It’s nearly impossible to know for sure what’s going to
happen next with the housing market in Canada. It could heat
up or it could cool down.
So here’s some advice. Instead of basing your buying decision
entirely on external market factors, like the economy or
housing market, consider looking for the answers internally.
When you stop looking at the market to determine your timing
to buy a home, and instead examine the personal reasons you
have for wanting to buy a home, the picture can become much
Here are some questions to consider. Although they are
subjective, they will help bring you clarity. Ask yourself:
● Does buying a property now put me in a better financial
● Do I make enough money now to afford a new home
and maintain my lifestyle?
● Do I feel confident with my current employment status?
● Have I saved enough money for a down payment?
● How long do I plan on living in this new home?
● Is there any scenario where I might have to sell quickly
and potentially lose money?
● Does buying a property now move me closer to my life
● Do I really want to buy now or am I just feeling a lot of
pressure to just buy something?
● Am I holding back because I'm scared property prices
might drop soon?
There’s no doubt that buying a home can be stressful, but it
doesn’t have to be. Having a plan in place is the best course of
action to help you make good decisions and alleviate that
If you’d like to have a conversation to discuss your plans, ask
some questions, and map out what buying a home looks like for
you, we can address many of the unknowns together.
The best place to start is to work through a mortgage pre-
approval. There is no cost for this service, you’ll learn exactly
what you can qualify for, and it will provide a lot of clarity
about your situation.
You might decide that it’s best to wait before buying, and that’s
just fine. You might find that now’s a perfect time for you to
buy! If you'd like to talk, please connect anytime. You’re not in
this alone. We can work through everything together.