Is It Good Time To Buy A Property In Canada

[Felix07Richerd]

Hello everyone,

Can anyone tell me about the housing market in the Canada?

I want to buy a property here.

 

[john_blur]

This is good time of investment not only in Canada, Everywhere as the market is in Fluctuation.

 

[davidcrixe]

Commercial properties remain a decent investment when it comes to real estate in Canada. You can invest there and make good money at the current time of market. Keeping in mind that is goodly share of the foreign nationals who are shopping for and purchasing residential property in Canada are doing so to set up holiday retreat.

 

[EmeraldTaylor]

Save at least 20%+. And make sure your purchase price is less than 3x your annual salary.

Interest rates are only going to rise. Make sure your cashflow still works with a 8-10% interest rate and say 10-15year amortization.

I have a feeling there will be a 10-20% correction downwards in the next few years. Just imagine that, your entire downpayment gone.

 

[michalbuff]

Real estate agents are the ideal guides to buying real estate. They prospect for a buyer to act as an intermediary between buyers and sellers, as well as advice on completion of the transaction. They must have a license issued by their provincial real estate board, claiming that they are trained agents are well informed on how to buy a house in Canada.