Hi,
I need help.
I was searching to make a decision to buy a house in 2005 in GTA west (Mississauga/Oakville/Milton).

My only priority is Investment not life style.
1- I read a report said the house GTA house prices inflation was 10% 2003
Is it true? How about inflation 2004, 2005, 2006, 2007?
2- Is the houses is over priced in GTA now? How about 2006, 2007?

My main concern i do not want to buy over priced house $300K and the actual value could be $270K then in 2006, 0r 2007 it could be down 280K. Then I will lose my equity towards the price inflation

Could we see the 89-92 housing market crash? Or even a smother slow down in 2005,2006…
Thanks in advance for replying.

It should depend on how you plan on holding the properties in your portfolio. For example, you might want to get properties balance off your gains.

Hi there,

I know this is a huge fear - but I'll be honest, the prices have been going up steadily...I wouldn't expect them to fall anytime soon.

Also - there likely will not be a crash, more likely a leveling off. Things have been rising steadily - not rapidly or unreasonably.

I can give you one bit of advice about future market conditions: if any agent predicts the future you should run, not walk away from them. No one knows what the market will do in a day or a year from now.

Thanks for the reply
I could narrow down my question
How much is the price inflation on GTA west (Mississauga, Milton, Oakville)
Thanks

Vegas has been about to "pop" for years according the papers. Still going up.... In that area maybe it's more of a problem, but not out here.