Analysts warn some potential buyers, enticed by low interest rates, taking on too much risk, too much debt…
(Source: The Toronto Star / yourhome.ca)
Vanessa Christie wants to buy her first home. But it’s been tougher than she thought. Since she started looking at properties in May, she has been outbid on five. “It was really tough going because the market started to really pick up after I started looking,” says the 26-year-old Toronto woman. Her original $300,000 budget has also been pushed higher with every bidding war.
Read the full article by Tony Wong, “Home Buyers face mortgage rate roulette” at yourhome.ca (Dec 23, 2009).