Quote:
Originally Posted by Hemi-Cuda
Plus if their goal was to sell high and buy low when the market cools down I think they're going to be very disappointed in a few years when prices continue to go up. The only way I see selling your primary residence for profit as a good move right now is if you're at or near retirement and have zero interest in trying to get back into the market at a later date
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It might make sense to downsize too. For example, going from a detached home to a condo. Condos haven't seen as sharp a rise in prices yet. The ability to potentially live mortgage/rent free (still paying strata fees obviously) and increase cash flow/decrease bills would be pretty great.