Have you been thinking about buying a property, your first home, your forever home, or maybe a retirement home, and the current state of the Canadian economy might have you questioning if this is the right time to make a move? There is certainly no shortage of concerning news out there.

It is nearly impossible to really know what’s going to happen next with the Canadian housing market.

Here we will provide some advice. Let’s start looking for answers internally instead of basing our decisions entirely on the market factors or housing market status. When you start looking at your personal reasons over the current market evaluations things start to become a lot easier to figure out.

Here are some of the best questions to consider and will bring you some clarity once answered:

• If I buy a property will it put me in a better financial position?

• Do I bring in enough money monthly income to pay for this mortgage and maintain my current lifestyle?

• How confident do I feel with my current employment?

• How much money do I currently have for a down payment?

• How many years do I plan on living in this new home?

• Could there be a scenario involved here where I may have to sell quickly and potentially lose some or all of my investment?

• If I buy this property does it move me closer to my life goals?

• Am I buying what I really want or am I just feeling pressured by the current market?

• Could I be holding back because I’m scared property prices may drop soon?

Buying a home can definitely be stressful, but it doesn’t have to be. Planning ahead is always going to be the best course of action and will assist you in making good decisions that greatly lower much of the stress that can be involved.

We would love to have a conversation with you to discuss your plans, allow you to ask any questions you may have, and come up with a real plan that suits you and your future goals.

The best place to start is always going to be through a mortgage pre-approval; for which there is no cost for and zero obligation. You will quickly learn exactly what you qualify for, which will provide the most amount of clarity for you to begin property searching confidently.

Some people decide it’s best to wait, and that’s just fine, you may find that now is the perfect time for you to make your move. Whenever you’d like to talk and find out more, please connect with us and remember that you’re not in this alone. We can work through every detail together all while working towards the best overall outcome.