Now is a great time to buy
Want to buy your first home? Upgrade? Downsize? Contact your REALTOR® and act now!
Greater Vancouver has been one of the Canada's hottest real estate markets this year and there is no slow down in sight. In fact, between low mortgage rates and the unstable stock market, more and more people are looking at the real estate market as the place to find a home and invest their money.
Low mortgage rates are putting current homeowners into larger places in more sought after locations. If you have owned your home for a number of years, the equity you have earned, combined with the active market and favourable mortgage rates make this a prime time for you to upgrade to a new home.
Those same low rates make it possible for many renters to own homes for the first time. When renters calculate the cost of financing a mortgage compared with the amount they are spending on rent, they are often surprised at what they can afford. Talk to your REALTOR® to find out the possibilities for you.
Investors are also keeping the real estate market strong. The stock market's continuing instability has many investors opting out of stocks and opting into more stable investments with a history of excellent returns: real estate. While the demand from investors, as well as homebuyers, are keeping prices strong, homes are still affordable with today's low mortgage rates.
The beauty of Greater Vancouver lies not only in our mountains and ocean, but in our range of housing options: a high rise condo in Yaletown, a charming home on a tree-lined street in New Westminster, a modern townhouse in Richmond, a small acreage in Maple Ridge, a West Vancouver mansion or an old-timer in East Vancouver are just some of the options waiting for you.
Talk to your REALTOR® about how you can get yourself into the home of your dreams in today's real estate market.
