Knowing when to buy a house or condo is different for everybody. While you might think that you are ready to buy a house or condo and talk to a Boston or Toronto mortgage broker it might not be the best time right now. You can't rush into buying a home or force the process. It has to come when you are ready to call yourself a home owner. There's no point in hiring a Boston or Georgetown Ontario real estate agent to help you find your dream home if you can't afford it.
For some people, the best time to buy a home is when they've paid off all their bills and have no huge debt to worry about. For others, buying a piece of Boston or London Ontario real estate property is out of the question until they've secured a well paying job and saved up enough for a down payment. Other people won't rush into buying real estate, even if they are ready, until the market is right and homes are being sold at reasonable prices and mortgage rates are low. Some people will wait until they've started a family to buy a home.
As you can see, there is no universal right time to buy real estate in Riverdale Toronto or Boston. You have to feel it. When the time comes you'll know it's right. No good has ever come of buying real estate when the time wasn't right. Buying a piece of Boston or Forest Hill real estate property when the timing isn't right could lead to a lot of problems or headaches. Such as buying a house or condo that isn't your dream home, not being able to afford the mortgage payments down the line, not having enough money saved up for the down payment and taking on debt to pay it off, or feeling overwhelmed at all the responsibilities that comes with being a home owner such as maintaining the home and taking care of any repairs or renovations needed and paying the bills.
All that and much more will fall on your shoulders once you buy a home. You have to be ready to take on all of those responsibilities and only you know when you're ready to do that. If you're not, then there's no reason to go out and buy a home. Just wait until the time is right. It will come eventually; you just have to be patient.