New townhome or older detached
I, a 26 y/o female living in central Alberta, and my husband are looking to buy a house. My dad owns a plumbing company and is friends with contractors, therefore can get us into a new townhome in a nice area of town for $40k under selling price. He thinks we should buy it and just move in a year and make $50k ish. My husband and I could also afford to buy a house for $375k ish on our own, typically placing us in a detached house from the 70s, well maintained, bigger lot, etc.
I get the appeal of making money, there’s some relational issues with my dad that could make it sticky, but I also don’t like moving and don’t know what the market will do in the next couple years. If housing costs go up $50k anyways, we will still have to buy a house within our small budget again in a year or two.
We have a baby already and want to keep growing our family, the townhome is quite small and would be temporary.
What would you do?
TIA