On the front page of Canada.com this morning is a big headline that says “Now is the time to buy: study“, though the actual linked content uses the less definitive “Time to buy?”. The content of that article is about a recent study that shows a majority of people across the country think NOW is a good time to buy real estate.
As an interesting aside, a US Gallup poll in April 2007 showed that a majority of Americans felt THAT was a good time to buy there. For those not following the news, it turns out that wasn’t such great timing.
So what do you think? Now that prices have dropped more than 10%, is buying a house, townhouse or condo in Vancouver a ‘good investment’ or ‘catching a falling knife’?