Our first baby is arriving soon and there isn’t much room in our condo. We really want to move out of the big city and be closer to our parents. But can we afford to upgrade now?

Our first baby is arriving soon and there isn’t much room in our condo. We really want to move out of the big city and be closer to our parents. But can we afford to upgrade now?

Your condo has everything you need right now, but you’ll need more space when the baby arrives.

The lower cost of living outside the big city appeals to you, and you’d also like to live closer to your parents.

You may be wondering about what COVID-19 has done to the housing market and whether it’s the right time to sell.

Low interest rates brought on by the pandemic and a more manageable stress test have created a unique set of circumstances and made upgrading to a bigger home a possibility for those who previously wouldn’t have been able to afford it.

These market conditions could also allow you to pay off debt and put some money aside in savings.