clear answer
We have so many seniors in this forum, but with the talls & reply, no body is firm abt the Candian market, SAY it clearly do u guys think its going to crash?DO u think one should not buy now, wait for few months?GIVE EXPERT COMMENTS.......For a first time home buyer which is aiming at 200,000, still he has to look into lot of factors?the new townhouses are good or to have 3-5 years old,or its better to have a developing area where the roads are getting constructed, malls are coming up?????pls advise

You know what they say about opinions, everyone has one. But what they do not have is a crystal ball like I do. So here is the truth.

My crystal ball tells me that you should buy now. Why? Let me see. Ahh, my crystal ball tells me that you are renting right now. Every month you rent means some dollars wasted towards the rental. Oh you are concerned about the market? Why? are you planning on buying and selling in the market? No! Then what do you care what the market does? My crystal ball guarantees that the market is going to fall in the next 10 years. But it also tells me that the market is going to rise beyond your wildest dreams in the next 10 years, but what does that matter? You can either continue to rent (and loose money monthly) or live in your own house. I tend to write in crypt - if this does not make sense - please ask and I will clarify

As for new developments or older houses, I personally prefer the older areas. Last thing I want is a Canadian Tire store and gas bar right behind my yard, where there was a nice field. Now of course I could use my crystal ball to see what's going to come in my neighbourhood but that is so trivial. I just use it for the BIG issues.

BV