Quick move?

[ironphoenix]

Tomorrow, soul_diaspora are going to look very seriously at a townhouse in Kanata, and we might even sign. It's about a mile and a half from where I work.

It's a bit... scary? exhilarating? Both?

Advice welcome!

Comments

[ancalagon-tb.livejournal.com]

definitely an independent house inspector - not sure how you find a good one, but it's really worth it, so I hear.

Kanata... not so fond of that location. Try to be sure you are close to the transitway. But that's really a decision you have to take. Walking around the neighbourhood to get a feel of the place is not a bad idea either.

Finally, be aware that this may not be a good investment - look at it as a dwelling first. The market in Canada will crash if interest rates go up quickly.

[ironphoenix.livejournal.com]

Thanks!

I think the BoC will be hesitant to jack rates up too fast, because of the currency effect against the weak USD. They will probably climb, but not quickly. Also, I expect more expensive houses to be more vulnerable to an interest rate hike. As long as the place holds its value, I think we're likely to come out ahead.