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Submitted by Chris Schmidt (not verified) on
@Rahim The problem is that housing is currently way over valued. Many in the industry know this and have been waiting for a Canadian housing crash. Historical data points to a substantial adjustment in housing prices. Just look at what happened in the world's largest economy recently. So you can buy now at low interest rates, but pay 30% premium for the house. If I were you, I'd keep renting for now.
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