His means is that the interest will increase 0.25-0.5 firstly, and then +++. So the money will absolutely transfer to other markets from R.E., and the price will down definitely. The question is how much and how soon.
-jeffkaty(Jeff);
2005-9-5(#2487858@0)
how much money can you save out of 60k annual income? especially after tax, food, gas, eduction, etc? what if you lose your job?
-iamta(iamta);
2005-9-2(#2483174@0)
Pay off mortgage in 10 years means every month you have to pay at least $2400 just for mortgage, that's about 50% of your monthly income, too high.
-zzbsb(friends);
2005-9-2(#2483194@0)
那是你的看法吧,看看今天的toronto star
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1125924611098&call_pageid=968350072197&col=969048863851
-mao(<>);
2005-9-6(#2488599@0)
Agree! The cost of building new house continues going up: labour cost, gas cost, and the available land is very limited. So these factor will push new house price up.So if you can afford the new house and put 25% downpayment, u can buy it.
If not, better save money for %25 downpay.
-startnow(Well Done);
2005-9-1{117}(#2481494@0)
Jim Rogers predicted the houing booming in energy manafacturing center. He also predicted the 1:1 USD/CND and soaring oil price.
-seniorguy(IT老兵);
2005-9-1(#2481760@0)
compare with stock market P/E ratio, The housing market price/rental ratio is an important indicator for the housing market.The average historical numbe is 120, this means the total amount of the house price is 120 times of the monthly rental payment.
Right now the rental is 1000~1200 for a two bed room apt, The price for a two bed room condo is 150k~180k, A little bit higher than the average.
So the market is not too bad. But condo has no potential for appreciation.
For house, I think the overall market is ok for toronto. Just be careful with the interest rate risk.
tight line.
-home123(nr);
2005-9-1{465}(#2482498@0)
#2482514
-g35(no time for golf);
2005-9-2{69}(#2484343@0)
On TV show there is a big real estate agent talking about the house in toront and the conclusion is that the price will go down for surethis year or next year. And now is the best time to sell the house.
-timeone(timeone);
2005-9-4{67}(#2486497@0)
I bought one house 7 years ago and now look for second one. I think buying house is a good investment if you can hold it long enough.
-timeone(timeone);
2005-9-24(#2519114@0)