June 2023
The demand for ownership housing has picked up markedly in recent months. Many homebuyers have recalibrated their housing needs in the face of higher borrowing costs and are moving back into the market. In addition, strong rent growth and record population growth on the back of immigration have also supported increased home sales. The supply of listings hasn't kept up with sales, so we have seen upward pressure on selling prices during the spring.
When trying to decide whether to buy an older home or a newly constructed one, many questions come to mind. Start by educating yourself and knowing the pros and cons of each.
When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action. With early intervention, cooperation, and a well-executed plan, you can work together with your mortgage professional to find a solution to your financial difficulties.
Buying a house can be the most rewarding purchase you ever make. However, depending on your current circumstance this may not be your best option. To help make an educated decision, try to answer the following questions first:
When it comes to buying your first home, a big part of that decision should be based on your current financial position and the impact a home loan will have on your finances and lifestyle.
