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2815 Bathurst Street M6B 3A4 Toronto, ON, Canada

It Is A Great Time to Buy Real Estate. The Bank of Canada in a policy statement held the overnight rate at 0.25 per cent, the lowest possible level without distrusting the financial system, and announced they will likely keep the rate there until 2023. With record low interest rate, this generally encourages prospective home buyers to purchase, increasing demand and pushing home prices higher. As prices increase, buying power decreases, normally the way of balancing higher prices with purchasing power is by lowering interest rate. Today, interest rates are at its lowest levels. If prices continue to increase the ability to afford something today will be gone tomorrow. If you are thinking of buying, there is no better time.

Now is always the best time to buy Real Estate. In the last 49 years, since the Toronto Real Estate Board has been tracking market statistics, the average home price has increased 7.02% per year. In the last 5 years average home prices rose 7.65% per year and 7.56% over the last 10 years. If you purchased a house five years ago at the average home price of $623,000 with a 20% down payment of $124,600, your mortgage payments would be approximately $2,358.66 per month. Five yea...rs later with the average home price now at $820,000, you would need an additional $39,400 upfront to match your 20% down payment. Your monthly mortgage payment would be $3,104.49, an additional $745.83 per month compared to 5 years ago. The time is now, make it happen. There are so many programs, incentives, strategies, and financial assistance that can help you reach your goals.

Since the global pandemic first forced us into our homes in late March, our homes have become our offices, our schools, and our recreation centers. We suddenly see our homes’ shortcomings and desire a more surreal environment and space to roam. That allure, and the new knowledge many Canadians can work from home, along with the high cost of city living, has more people shopping for homes outside the city. If you have been considering any type of move, there is no better time than the present to investigate the possibilities that exist in today’s real estate market.

Splendid and Impeccable Home in the Heart of St.Clair Village

It Is A Great Time to Buy Real Estate. The Bank of Canada in a policy statement held the overnight rate at 0.25 per cent, the lowest possible level without distrusting the financial system, and announced they will likely keep the rate there until 2023. With record low interest rate, this generally encourages prospective home buyers to purchase, increasing demand and pushing home prices higher. As prices increase, buying power decreases, normally the way of balancing higher prices with purchasing power is by lowering interest rate. Today, interest rates are at its lowest levels. If prices continue to increase the ability to afford something today will be gone tomorrow. If you are thinking of buying, there is no better time.

If you invest $100,000 as a down payment on a $500,000 property, when you retire in 25 years your property value would be $2,713,716 at the average growth rate of 7%. That would generate a 14% return on investment each year on your initial down payment of $100,000. Looking to retire? Invest in Real Estate

Now is always the best time to buy Real Estate. In the last 49 years, since the Toronto Real Estate Board has been tracking market statistics, the average home price has increased 7.02% per year. In the last 5 years average home prices rose 7.65% per year and 7.56% over the last 10 years. If you purchased a house five years ago at the average home price of $623,000 with a 20% down payment of $124,600, your mortgage payments would be approximately $2,358.66 per month. Five yea...rs later with the average home price now at $820,000, you would need an additional $39,400 upfront to match your 20% down payment. Your monthly mortgage payment would be $3,104.49, an additional $745.83 per month compared to 5 years ago. The time is now, make it happen. There are so many programs, incentives, strategies, and financial assistance that can help you reach your goals.