Quote:
Originally Posted by The1
Just to add to things, You would have to deal with the penny if you come here  . and likely not the nickel in the near future.
Our economy is one of the most stable right now, but it is still dropping slightly. But that also means our real estate is taking a slight dip, so if you're looking for a new home, potentially now is a good time
I hope everything works out for you guys however, but if you end up in Canada, you know there's at least 2 people here who will try to help you get accustomed to everything |
There's nothing major with the housing market right now. We're on the slow side for 6 months because we had a rush so intense; it was never seen before right before the new mortgage insurance parameters that were put into place last july (purchases on 25 years max; with more strict debt service ratios). Everybody jumped in to be able to buy before being forced to buy under 25 years maximum amortization.
Since then, its kinda relax; but it hasnt hurt the housing value significantly yet; but the condo market took a pretty hard hit; but thats a different story. Condo complex grows like weed and there's just too many empty brand new units.