ironphoenix: (no return)
ironphoenix ([personal profile] ironphoenix) wrote2011-02-15 08:02 pm
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Quick move?

Tomorrow, [livejournal.com profile] 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!

[identity profile] ironphoenix.livejournal.com 2011-02-22 07:32 pm (UTC)(link)
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.