If you’re purchasing a building that has decreased in value only because of temporary market conditions, your degree of risk might be considered moderate.

Calstatecompanies says that if you’re purchasing a building that has decreased in value only because of temporary market conditions, your degree of risk might be considered moderate.

If it’s just temporary, I’d simply make sure to remove the forbearance the month before I apply for my loan.

“Never make a permanent decision about a temporary situation.”- T.D.

I recommend you put in what you want and then at what point you are willing to walk away and the beginning and stick with it.Most markets are seeing pricing increase because we have a temporary decline in supply (people aren't selling because they don't want people in their house) - however many markets are seeing a decline in buyers also (just not as much as the decline in supply). 

It all depend of your needs.You can have term life insurance for a temporary coverage need (mortgage insurance, children education, spouse salary backup...).

If that's not soon enough, like @Issac San Miguel mentioned temporary financing will have to come into play.

But that's not a temporary situation, that's a product of our fiscal environment and just a taste of what's to come.

For example, of you want to buy one bedroom apartment in Toronto area that is $100K, you look for 1 bdr apartment rentals ads and look for areas where you could get min $1000.You could furnish the property to increase the rental substantially and advertise short term rentals (3-12 months) there's a big demand for furnished apartments by temporary workers, professionals, travelers, insurance claims, families between houses, etc.. especially in Toronto area.But to furnish a whole house will be quite expensive.If you decide to rent it out  you better menage by yourself to safe money.I would get rid of it and buy 3-4 apartments and get $3-4K/mo

If income could be temporary, then treat all applications like that.