Bell Centre development area - Multiple towers to be built by 2015
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07-17-2012, 04:59 PM
Poster of the Year!
Join Date: Jan 2005
Originally Posted by
The real estate market prices keep on going up. I mean the cheapest condo you can buy now is near 200k, and that's not even a 4 1/2.
We have low mortgage rates ATM, but who knows what the rates will look like in 3-5 years. Imagine it goes up? your mortgage will go up!
Let's not forget that condo fees will most likely also go up, gas prices, food, etc
200k for a condo...I remember 10 years ago when you can buy a freaking house for 150k.
Times are hard man...
This is why I pay off an extra couple grand+ a year on my mortgage so that if the rates do skyrocket, I will have a huge chunk of it paid off.
At least these condo owners will have front row seats for any Habs related riots!
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