I just wonder why housing inflation didn’t set off the same alarms that a 5-per-cent increase in the price of asparagus or butter would until it was far too late. Now, governments in British Columbia and Ontario, where the problem is particularly acute, are completely stuck as they try to grapple with this issue.

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The Fear of Missing Out phenomenon in the housing market is leading to bad buying decisions. First-time buyers should be much more afraid of getting into a hot real estate market.

One of the 10 commandments of investing, is surely, “Thou shalt diversify.” This mantra is taught in finance departments in the country’s finest universities and has become an unquestioned principle in the world of financial planning, where it has been widely practised.

I'm buying my first home. Is there a standard amount that I should offer as a deposit? The short answer to your question is no, there is no standard amount for a deposit. This is something that can be negotiated between you and the seller.

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