At this time of the year in Edmonton many people contemplate the possibility of firing their landlord and buying their first home.
The current glitch in the Alberta economy is making some potential buyers second guess themselves. Are you one of these people? Are you wondering if your job is secure? Whether you pay rent or a mortgage, it’s still a commitment you must face, so it might not matter about your job security, at least in the long term.
And what about home and condo values? Are you hoping that they will crash? Not likely. Just a few days ago, I compared values for Edmonton area homes sold 30 days back with the same period in 2014. Guess what? Values were still 2.75% UP on the same time last year.
Owning over Renting - The Cons