Despite the media hype, I am making a wise decision to not purchase a house at this time, the peak of the market.
I saw your reason for unsubscribing below and thought I would comment. I
tend to agree with you in my mind and logical thinking would say it's a bad
time to buy. Certainly if you listen to Garth Turner, he thinks the end is
Real estate prices are at an all time high and seem to have no end in sight.
My wife and I are looking to move and it's a more expensive house we want to
move to, so we too are afraid that the bottom may fall out. But, I've been
saying that since 2003 when the market began to take off like a rocket and
has not stopped (except for September 08 to January of 09) since that time.
I've been saying for 7 years that we must be at the peak and prices can't go
any higher, and they keep going higher.
Nobody knows what will really happen in the future, but many think the HST
and increased interest rates will only slow our market advance, not halt or
cause retreat. Only time will tell.
All the best!
For more information please contact A. Mark Argentino
A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1