As for the buy now or wait, as @Adam Tafel mentioned, the harm in waiting is you continue to pay rent currently, which is money out the door (meaning minimal in the grand scheme of things). 

In the one case, a tenant causes heavy damage and is responsible for the damage. 

The major freak out CV19 is causing is getting old quickly. 

It may cause you to worry about every little thing, like why is that tenant bringing a keg into the house. 

Hey guys, I've recently purchased a preconstruction (Alberta, Canada), and my mortgage guy offered me two rates, and I need some of your expertise in this.1. 25 year period at fixed 2.54%, which comes down to about $1548 a month for 5 years period.2. 30 year period at fixed 2.87% which comes down to about 1371 a month for 5 years period.option 1 has total interest: around 118koption 2 has total interest: around 160kI've always thought to lock it down at 30 years cause someone else is paying for that hence higher cash flow, but the mortgage guy is recommending at 25 years because of the low rate. what do u think?

It really is going to be a rough go in the near future to see how the clause is going to get interpreted and to what extent is it going to be allowed to used for just cause.

So mull on those for some time before you make a move.Also, keep in mind Phase 3 bailout caused the market to go up.

Great way to cause strife within a family.About asking a lawyer. 

Recessionhttps://www.ocregister.com/2020/03/16/coronavirus-pushes-u-s-into-recession-california-to-be-hit-hardest-ucla-economists-say/Oilhttps://www.biggerpockets.com/blog/coronavirus-harm-real-estate-market-oil-price-warCovid-19https://www.kcra.com/article/newsom-more-than-half-of-california-projected-to-contract-covid-19/31791343#We are in a systematic designed destruction of the world economy, the FED [and all central banks in the world, follow same gameplan] is going to become the buyer and seller of last resort.

If there wasn't a pandemic causing havoc there would be no question to continue, but here we are and I have to protect the family economy because I am concerned with what can be done with our current house.