You probably could. I got a mortgage in 2017 at 3.29% if I get one today at 2% I can afford a loan 15% higher. If you bought a 1m home in 2017 with 20% down, and you sold it today for 2m you would have 1.2m in equity and could buy a house for 2.12m. If you sold for 1.5 you could buy a house for 1.62m.
southern ontario here.....1.5 hours from GTA
bought in 2007 for 245K.......could get 900K today
shit is fucked
You probably could. I got a mortgage in 2017 at 3.29% if I get one today at 2% I can afford a loan 15% higher. If you bought a 1m home in 2017 with 20% down, and you sold it today for 2m you would have 1.2m in equity and could buy a house for 2.12m. If you sold for 1.5 you could buy a house for 1.62m.