Quote:
Originally Posted by SumAznGuy
With these numbers, that is less than $3K a month for 30 years @ 2.5%.
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here's the biggest risk in this analysis - you can't get a 30 year mortgage in canada (unlike the US at 3.x% - which is a fucking steal)
as i've banged on to hell and back, it's a massive leap of faith to expect an average 2.5% interest rate for the entirety of the mortgage amort. if it is, then there's bigger issues, most of which will be the continued fucked up economies of most of the western world = no jobs for a lot of ppl currently employed in vancouver.
you can't pay a cheap mortgage with no job.