À qui la chance?

When one combines the fact that the 40-year mortgage is saying its goodbyes on October 15th, that there are more homes for sale right now than at the same time last year, that home prices are finally starting to balance out, and that interest rates are still low - now is a good time to start looking into purchasing a house!

Of course, some buyers are reticent in believing they’re ready to take the next step. The gloom-and-doom tone of the “housing bubble” news is actually pretty good news for qualified buyers. People are biding their time and waiting to see what comes of the Canadian economy weathering some bumps along the way, as has been reported in the US, the UK, and much of the world.  But at the end of the day, people are also still moving out of their parents’ house, still getting married, still having kids, and still working, and this all means that if you have to move, well, what are you waiting for? If you have more choice and more buying power today, why not call an agent about that home you’ve had been keeping track of on MLS.ca and arrange for a visit?

Sources:

National Post, the Toronto Star, Canadian Real Estate Association, Government of Canada