As Canada’s red-hot real estate market shows no signs of slowing down in 2010, analysts are beginning to caution some buyers that their best move may be to step to the sidelines.

“If you’re somebody in a situation that you have only 5% down and you’re stretching to get in the market with a 35-year amortization, I think that would be a very precarious situation right now,”said BMO Capital market economist Robert Kavcic.

Conversely, he said, “if you’re sitting on a pile of cash and looking to move into the real estate market, it would almost be a no-brainer to just wait for lower prices.”

Read the full article by John Morrissy, “Real estate market may be too hot to handle” in the National Post (Jan 08, 2009).

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