How do I "research" a real estate market?
January 24, 2013 10:30 AM Subscribe
I am looking to perhaps purchase a condo in Toronto.
What are some objective data sources or opinions to determine whether its a good time to enter the real estate market?
posted by cacofonie to Work & Money (6 answers total) 6 users marked this as a favorite
Given that there seem to be more cranes and development projects here than anywhere else in North America, I’m concerned that perhaps now is not the best time to buy. News stories here and there mention a "glut of condos," and "the bubble is going burst" and "housing prices cooling".
On the other hand, I have the disposable income for a sizeable down payment and it seems silly to keep tossing away money on rent and maybe it will never feel like the "right time."
I'm wary of being swayed by herd mentality and people with obvious biases (i.e. real estate agent, mortgage planner).