Quote:
Originally Posted by blankall
The trend for real estate in Canada will always be to increase over time. There will, however, be somewhat frequent adjustments downwards, followed by an ever steady rise. IMO the last adjustment was during Covid (that was the time to buy), and we are now in a bit of an upswing phase. I'm not a professional in this area though. The truth is no one really knows what will happen.
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It really didn't feel like it at the time, buying in 2020 felt like a gamble with so many businesses closed and the possibility of a massive global recession on the horizon. I am very glad we took that gamble though, makes up somewhat for buying a condo right before the 2008 crash