无房户要赶快动手啦
- 主题发起人 bzb
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FromVancouver
知名会员
Ottawa house price
I came from Vancouver and recently is looking at buy a house in Ottawa, did some research and share with you. If wrong, just ignore
The price in other area has been droped at least 10%, but in Ottawa, seems not, but if u look at posting, that is a lot posting.
Because of super high property tax (compare to Vancouver, almost double), high maintanance fee (condo fee 1.5 time). The fee to own a condo is more than rent a condo. house is little different (cheaper in own), but most of house in Ottawa is very old and poor (that is why I donot think it is cheap here because of small land and old house.
New rule, u will get most refune when the NEW house price is between 40-500,000. Most new house is not located in good school area.
So, it is really not matter because most people will buy second hand house.
house price in Ottawa is just starting drop, maybe not much but at least will not increase for 2 years because of economical problem.
Price will not decrease much because half people work in federal government and not lost job. But price will not increase a lot because Ottawa is not a immigrant friend city (no industry and company except IT high tech), but right now high TEch is in the trouble, and lay off, maybe house price will drop if the people move out Ottawa.
Peole come to Ottawa most reason is they already get a offer from Government. If u work for gov, and u have pension, do u want spend time energy to invest house/renting and paid income tax? only if teh guy no money and want get renting money help to pay mogage, but life quality is huge damaged.
If u have kid need a good school location, u have to buy, otherwise just wait. My plan is rent a good 2-b apartments in Lisga area (good school)
about 1500/month, if u own the condo, have to pay 4000/tax +4000/condo fee + heating (1000?) + mogage interest... so moer expensive.
.. sleep, discuss later
I came from Vancouver and recently is looking at buy a house in Ottawa, did some research and share with you. If wrong, just ignore
The price in other area has been droped at least 10%, but in Ottawa, seems not, but if u look at posting, that is a lot posting.
Because of super high property tax (compare to Vancouver, almost double), high maintanance fee (condo fee 1.5 time). The fee to own a condo is more than rent a condo. house is little different (cheaper in own), but most of house in Ottawa is very old and poor (that is why I donot think it is cheap here because of small land and old house.
New rule, u will get most refune when the NEW house price is between 40-500,000. Most new house is not located in good school area.
So, it is really not matter because most people will buy second hand house.
house price in Ottawa is just starting drop, maybe not much but at least will not increase for 2 years because of economical problem.
Price will not decrease much because half people work in federal government and not lost job. But price will not increase a lot because Ottawa is not a immigrant friend city (no industry and company except IT high tech), but right now high TEch is in the trouble, and lay off, maybe house price will drop if the people move out Ottawa.
Peole come to Ottawa most reason is they already get a offer from Government. If u work for gov, and u have pension, do u want spend time energy to invest house/renting and paid income tax? only if teh guy no money and want get renting money help to pay mogage, but life quality is huge damaged.
If u have kid need a good school location, u have to buy, otherwise just wait. My plan is rent a good 2-b apartments in Lisga area (good school)
about 1500/month, if u own the condo, have to pay 4000/tax +4000/condo fee + heating (1000?) + mogage interest... so moer expensive.
.. sleep, discuss later
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FlyingEagle
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现在mortgage rate p-1% 到 p+1% (最多p+3%), 似乎是银行为了避免上述情况发生的举措. 采用 p+1% 可降低投资房产的需求.
SweetBunny
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I think the variable rate is a good choice for this stage; once there is indication that the interest rate will go up, you can easily convert your variable rate to fixed. So even if you cannot get the best/lowest fixed rate when you do this transfer, you will still get a good rate, and will have benefited a lot from this currently very low variable rate. Of course this will require frequent monitoring of the interest rates.
