@turboizak The stock market should be 7%, not 8%
You would need to take into account there are no capital gains tax on your home
I know this is an example but I would put down 20% then use the rest and save up more to buy an investment property (TAX FREE) Gains.
we are also going to see strong growth in property and the housing crisis will get worse.
Reason: Net imagination this year alone is 110,000, Interest rates will come down in mid-2025 and we are still short over 100,000 houses. People's incomes have increased drastically so people can afford a lot more despite interest rates at nearly 8%. The housing market is heating up again even though we could be due for 1 MORE OCR hike.