[Mr.HappySilp]

Originally Posted by TjAlmeida

Anyone care to share an opinion? Roughly have about 90-100k saved up for a DP. Basically trying to decide if I should look into renting a 1 bed and bath or look into buying a 1 bed and bath. with putting 90-100k down i would be left with 20-30k left in savings. Realistically I would be shopping to buy in the SFU Surrey, New Westminster maybe, Poco, Pitt, Ridge, Langley area. Rentals seem to go for 1300-2000 depending on location and size. Obviously renting i would be putting my money away and looking for someone to help me invest it.

At this point with condo prices sky high is it best to rent for a year or two and wait for the market to cool off, or are most peoples opinion that the prices of condo's can only continue to go up.

*also a side note i work out of town currently but eventually plan to stop and return home for good and go back to school. I think Once i have decided on school or work my girlfriend and i both plan to move away whether its the island or the okanagan. unless there is a major change in the market in the lower mainland.

I would wait a bit. Price of house and Duplex are coming down. Then you will see apartments price drop a bit. But for long term I would suggest getting a Townhome or Deuplex. Is easier to start a family that way.