Is it Really Cheaper to Buy a Property Right Now?
Prices have come down in most major Canadian markets, but interest rates are (still) on the rise. Is this the right time to get into the real-estate market?
- Declining house prices versus rising interest rates (2:09)
- Factor Number 1: Decline home prices (2:24)
- Factor Number 2: Rising Interest rates (3:49)
- Is it less expensive to purchase a home today? No! (4:42)
- What if you put down the same down payment? Yes! (6:00)
- What if I’m purchasing a less expensive home? No! But it’s closer (8:49)
- What if I have a smaller down payment? No! And the effect is larger (10:23)
- How do today’s interest rates compare to historically? (11:14)
- Key take away points (12:52)
- What would we prefer (14:45)
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