Quote:
Originally Posted by GreenLantern
So right now I am looking into buying my first place, which will be a condo for around the $150k price range. (Here in Stoon that gets you into a decent place).
Is this 20% DP regulation expected to drop the pricing of houses?
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The part that will effect you is you will have to qualify for a 5 year rate. This is a healthy way for you to go anyway, and I wouldn't recommend buying what you can afford on a variable rate, but not on a 5 year.
I don't see this effecting pricing, especially in the spring, but if you buy in the summer you might save a little.