Predictions on Brandons housing market after new rules on first time home buyers
10/25/2016 at 4:19 PM
Looking for people's predictions on Brandons housing market in the next couple years now that the government has made it harder for first time home buyers to buy their first home. I realize the rule changes are more towards the Vancouver/Toronto markets but the rules effect everyone.
It's hard to get any unbiased opinions from people that work in the industry since their income comes from home sales so figure I would see what ebrandon has to say.
Prices, Go up? Down? Stay the same?
Time it takes to sell a home? Shorter?Longer?
People looking to move/ Increase? Decrease?
Question for people that are selling, If the market is really slow and you're not getting many if any offers, would you be willing to take a loss to find a buyer?
I am a first time home buyer that is ready/approved to buy but I'm not sure if this is the best time to buy. Question is, is it better to wait or is nothing going to change in the coming years . I find housing prices already way high, just like Winnipeg. Any entry level house is over $200000 unless it's a total project or very small house.
Let me know what you think.