Its February 2022 and we talk with prospective home owners every day. Some are starting to express concern at rising prices. Some are suggesting they will wait until the ‘boom’ is over.
This could be a big mistake. The Edmonton and area market is 2 years into its current UP cycle and history suggests that a full cycle is around 7 to 8 years. In other words, there is lots of UPSIDE yet to come.
If you are in a position where you can commit to living in your home for 5 to 10 years I suggest you do it now. Here are 3 solid reasons why:
1. You start building wealth the moment you assume ownership
2. At the current time (February 2022) you will have less competition from other buyers. Most buyers start shopping in May. You don’t have very…
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