The Time Is Now!
Ontario is in the midst of a housing crisis. Affordability and Inventory are two major factors and they are intrinsically connected. So why are we suggesting that now is the right time to get into the market?
The high demand for housing in Ontario is expected to continue for the next few years as new construction scrambles to keep up. Developers are not building enough to satisfy the demand therefore a lot of buyers are looking to the re-sale market. Most are taking a “wait and see” approach hoping to see selection improve and interest rates drop. This is the reason why we feel now is the time to get active!
Watching interest rates has become a spectator sport. What will be the public reaction to the first B.O.C. rate drop? It will be the incentive for those that are waiting to become active, this will flood the market with buyers, putting pressure on supply. When demand rises faster than supply prices rise along with it.
It isn’t difficult to find speculation as to when these rate drops might start happening. You might read one article stating they could start to drop as early as June and the next article might say expect rate drops in August or September. Truth is, nobody knows, the economy shifts daily, there are no guarantees. The only assurance we can offer you is this, we are ready to make your real estate goals a reality. The time is now!
CENTURY 21 Leading Edge Realty Inc. Brokerage
INFO & SERVICES
CENTURY 21 Leading Edge Realty Inc. Brokerage
165 Main St N, Markham, ON L3P1Y2
(905) 471-2121
INFO & SERVICES
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