There Is Always Opportunity In Real Estate. It’s Just A Matter Of Finding It In Today’s Market!

February 23, 2022
There Is Always Opportunity In Real Estate. It’s Just A Matter Of Finding It In Today’s Market!

When it comes to the Ontario housing market, there are a lot of options for where to live.  From renting an apartment or house to owning a condo or single-family home.  It all comes down to where you see yourself living and what you can afford! 

On average, first-time homebuyers move out of their first purchase in four or five years. This is not a forever home. The first home marks a milestone in life. It is a place full of memories. There is no crystal ball used to predict where life will be in five years from now. 

Life is full of surprises, twists, and turns. Buy something that serves you in the present time, for a price that you want to pay. For the size and desired location, you want as well.

Goals of your first home:

Have a place to call your very own

Start earning equity with every mortgage payment you make 

Earn appreciation in the value of your biggest asset 

Many first-time buyers have been waiting to purchase. Some of them are trying to ‘time the market’ while waiting for the bubble to burst.  The ones who have taken action in the past few years now look back and are extremely happy with their decision.  Some have seen their equity grow. Some even doubled it. Sadly there are the ones who missed out. Real estate is very different from other assets you might own like your car, which goes down in value over time. Over time real estate has continued to rise in value and will continue to do so. We all need a roof over our heads.

Think about what people bought their homes for in the 70s, 90s, or even just 10 years ago. Compare these prices with what homes are selling for today. There is no way these last few years of crazy price increases could have been predicted. More and more people desire to live in Greater Toronto and surrounding areas. Homes in the GTA are always in high demand and always will be. Almost half of the country’s population lives in Ontario and the GTA alone. There are 7.5000000 million people now.  New housing will be built and values will continue to rise over time, so get into the market, there is a way, we can help.  Connect with us today @CRESI.ca