The real question is, are you buying a primary retirement home or an investment home? If it’s a primary resident, it’s much easier to make the numbers work, since you do need to live somewhere. Especially when you’re already 62 and the likelihood of you selling and moving into your retirement home is slim, since this would be your retirement home.
If you’re talking about buying it as investment, then these two areas would not give you the best ROI. With the 2 areas, condos will give you better ROI than SFR.
If you’re just talking about in general, how prices can go up if rate goes up, it would apply to all areas and not just CV and MM.
