1. Historically the longer you wait... the higher the price . As evidence by the CMHC cost index for the past 25 years 2. There are 2 components in purchasing a home: (A) Cost of the Property (B) Cost of the Money Both of these are commodities. You of course wish to purchase both at the best price possible. If interest rates go back to 5% this is historically still very low in regards to rate. Please see the difference between 5% vs 3.29% = 1.71% difference. On a $400,000 mortgage if you wait to...
Updating you in regards to the ever changing mortgage trends! Great Mortgage Rates & Products! Thinking outside of the Box!!