I'm in the very early stages of house-hunting in the Hamilton, Ontario area, but I'm not sure how fast I should be going.
Tomorrow I have a visit with a mortgage broker to talk over options for mortgages, but other than that, I haven't done anything of note -- no realtor, no house tours, etc. About 90% of what
suggests that Canada is way overdue for a correction in the housing market like the US had in 2008; however, I *also* read a bunch of stuff suggesting that Hamilton itself
may not be a part of any near future correction and in fact might keep stable or increase while other parts of Canada get their justified comeuppance. I'm 40, emigrated here in 2007, and this will be my first home purchase in Canada. Given around a 200k price point, I can probably end up scrounging around a 50k down payment. But if prices are going to go down in summer 2013, or 2014, or 2015, I could use the extra time to save up a better downpayment which would be great, especially if prices fall during that time. Any wisdom, house-savvy Canadian folks?
Super extra bonus - if anybody's got pointers on awesome research methodologies that can be employed in the service of house-hunting *without* talking to a realtor, I'm all ears. I know about Zoocasa, for instance, but I'd love to see a way to, say, easily/freely search property records to find data about houses, etc.