Be the first to study the CMHC Victoria Housing Outlook for Victoria for 2008.
In short, Steady, Robust, bus likely to slow a little in Volume but prices will continue to increase but at a lower pace.
Check out the entire report, at the link below, and decide what your best action is for the next year.
http://www.cmhc-schl.gc.ca/odpub/esub/64367/64367_2007_B02.pdf
Logic to me says, if you are going to buy, buy sooner than later.
If you are going to sell, determine what you are going to buy first, Up size, sideways move or downsize.
To be honest if you don't need to sell, then don't sell, just build your real estate portfolio, as the report clearly indicates that rental accommodation will continue to be at a premium.
But this is just my read on the situation, and I would love to hear yours.
peter@talktopeter.com
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