When should you buy real estate?
I say at the earliest possible time you can afford to; more often than not, it is in the 25 to 30 years, age range. So that, by the time you get to the 60 to 65 years, age range; your real estate investment can provide retirement funds.
Many young people in Toronto are choosing to rent rather than buy, even though the cost of borrowing the mortgage funds is low. A big reason for this is the hype in the media about a correction /crash being imminent. This has been said for at least the last fifteen years and it has not happened yet, in Toronto.
So for now, the renters are making their landlords rich …….