Munanyo
Active Member
Glad everything ended up working out for you. No one can predict the real estate industry and a lot of people can (and will) get hung out to dry at a moments notice.I hope it all works out. I am not in the real estate industry, why I bring this up is I had delayed buying in that early 2000's period because there seemed to be in no hurry and it wasn't the right time for me.
Well, the market changed quicker than I expected and then when I wanted to, I couldn't buy anymore. Fortunately, I got another chance years later, but I have learned from that experience.
Edmonton has been kind to buyers for a long time, but don't count on that lasting forever.
It's just not the time given our personal situation, as much as I would love to own (even a townhome TBH) and not pay down someone else's mortgage. I am slightly on edge however and at the first sign of things changing, if we absolutely had to, we've discussed and would go in on a place so as not be be left out. High interest rates have created a hot rental market, but cooled down the housing market across the board, which has bought us time if anything.