Geniune question hoping to get some thoughts
Hey folks, this is a real estate question and I'm hoping to get some genuine thoughts even know I realise no one has a crystal ball to predict the future. We own a townhome here in Oakville and the goal from the beginning was to move to a detached when finances are better and we've built equity.. obviously equity has been eroding (not building) over the past few years and we are thankfully still in the green but im not sure how much longer that will be for. Im not in a rush to upgrade but kids are getting older which means ill need a bigger space within the next 3yrs...currently in a 3bed and so ideally each kid will have their room, each parent will have their working space so hoping to move to a 4bed with basement... question I guess is does it make sense to sell now and hold the equity before it all gets eroded or do we keep status quo with the risk that our equity will be wiped out and so nothing to transfer when we want to buy... curious if anyone has had to made a similar decision... thanks!