#NickAnswersReddit: This week, Nick answers a common question from a first-time homebuyer weighing the pros and cons of buying now with a 5% down payment versus waiting to save 20%. Nick discusses the key financial and personal factors to consider, such as the cost of CMHC insurance, monthly mortgage payments, and the potential risks of timing the market.
#NickAnswersReddit: A Redditor asks whether waiting for a housing market price drop in Ottawa is still a good idea. In this blog, Nick Fundytus explains recent market trends, the impact of government policy changes, and offers advice on how to approach buying a home in today’s climate.
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