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Wed, Jun 13th, 2012, 08:37 AM #46
24 a 3bedroom townhouse
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Wed, Jun 13th, 2012, 08:50 AM #47
- Join Date
- Mar 2010
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every individual has different circumstances, needs, finances, budget, etc..... so it doesn't matter at what age a person buys his/her first home. (most important is "is your budgeting solvent or not").
Its a proven fact: that "if you follow financial discipline, in the long run (if you include housing boom & bust) renters in majority cases turn out ahead of homeowners financially"
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Thu, Jun 14th, 2012, 11:06 AM #48
I was 26, husband 27. The house was approx. $400K for 1500sq ft.. We had just finished an east coast trip before buying and were shocked at how cheap real estate was over there!
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Thu, Jun 14th, 2012, 11:20 AM #49
- Join Date
- Mar 2010
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- GTA
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Yes, its the reality, & a lot of people aren't aware of the fair value of real-estate.
Infact we are bracing for a severe correction in the Canadian housing market. TD came with a report of 15% drop possible in some areas in the next 2-3years..
http://www.thestar.com/business/arti...td-report-says
http://www.doctorhousingbubble.com/c...-housing-debt/
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Thu, Jun 14th, 2012, 11:26 AM #50
I'm confident with where we bought and a big deciding factor was not wanting to be in an area that's already at it's "peak" prices but close enough we can enjoy the benefits of a more populated area.
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Thu, Jun 14th, 2012, 12:57 PM #51
- Join Date
- Dec 2009
- Location
- Pierrefonds Qc
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I was 17 and my hubby was 27 and i'm still here
http://forum.smartcanucks.ca/411352-...-lists-canada/
Please use my Orange key when you open a Tangerine account 41140291S1
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Thu, Jun 14th, 2012, 02:52 PM #52
- Join Date
- Aug 2006
- Location
- This side of crazy
- Age
- 35
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- 19,242
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- 2212
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Thu, Jun 14th, 2012, 03:20 PM #53
- Join Date
- Mar 2010
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you should read this too.. http://www.greaterfool.ca/2012/06/12...body-wants-it/
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Tue, Jun 19th, 2012, 11:19 AM #54
- Join Date
- Nov 2009
- Location
- BRANTFORD ONTARIO
- Posts
- 665
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- 79
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- 13 (100%)
20
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Tue, Jun 19th, 2012, 11:25 AM #55
I dragged my ex husband kicking and screaming to buy our first house when I was 22. We seperated and he wanted the house, and bought me out for 1/2 the shared equity, and I bought my very own condo at 24. I sold that about 4 years ago and bought my current house outright with the proceeds.
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Thu, Jun 21st, 2012, 02:00 AM #56
Wow this is a great thread!! So good to see so many young people getting a home at a young age. Good for you.
O.K. We lived in a crummy cheep rental for 12 years.
Saved 20% down and bought our corner lot 1400 sq ft house next to a park with wide streets in 2000 for $132,00.00. Just before the housing boom in Alberta.
We scrimped and saved but we did pay off the house in 5 years. We have been 100% debit free since 2005!
On a side note our son bought a home at age 26, as he hated paying rent. LOL
Cheers!!
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Thu, Jun 21st, 2012, 12:00 PM #57
1st house I ever bought... I was 23 (broke up with Fiancée prior to closing, he kept it and I got 100 % of my money back)
2nd House...I was 33
I still live in this house. Had a $280 k mortgage and I paid off in 7 years. best part is they are selling in my neighbourhood for $ 760 k !!!
3rd house 40 (birthday gift to myself - rental property) 2 years left to pay on mortgage woo hooLast edited by mrsfd; Thu, Jun 21st, 2012 at 06:38 PM. Reason: spelling
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Thu, Jun 21st, 2012, 12:12 PM #58
- Join Date
- Jul 2008
- Location
- Ottawa
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28.
Only because before that I moved to 3 different countries on 3 different continents and in 2008 we decided to make Ottawa our permanent home (4th continent ). I have to say that Ottawa has the most affordable homes of all of them.
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Sat, Jun 23rd, 2012, 06:06 PM #59
- Join Date
- Jun 2011
- Location
- Brantford
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30 and husband is 36
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Sat, Jun 23rd, 2012, 11:57 PM #60
- Join Date
- Mar 2009
- Location
- Ontario
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I was 24, hubby was 27....a 3-bdrm 2 bath home, about 1100 sq ft cost us $17,500. Lol!!
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