Looking at fundamentals, it’s not surprising that 2008 is already predicted to be another great year for real estate in Canada. All of the economic drivers that would support a robust real estate market are in place ―
- powerful demographics – the ‘boomers’ are ready to downsize, upgrade, or buy vacation properties, while the now maturing ‘echo boomers’ are putting their first foot on the property ladder,
- historically low interest rates – keeping today’s carrying costs affordable, but predicted to start edging higher in the future
- positive in-migration – to further add to the demand for housing
- low unemployment and wage growth – supports making a move to home ownership, or upgrading to a better home
- high consumer confidence – the belief that positive economic factors will continue into the future adds further support for a long-term investment
- property value appreciation – is forecast in every province this year
Yet surprisingly, there are still a few well-qualified buyers sitting on the sidelines wondering whether this is the “right” time to be in the market, when in reality it is a great time for a long-term investment in real estate. If this sounds like you, then it’s probably a good time to talk to your local Coldwell Banker® real estate professional. They’ll be happy to sit down with you and ‘crunch some numbers’ to show you the high cost of waiting. They can also offer you some creative financing solutions that you may not have even considered. There’s no obligation to you, so why not take advantage of some advice from an industry professional? Once you see the numbers, you may just decide to make 2008 your year to join the thousands of forward-thinking Canadians who become proud homeowners each and every year! Contact: Maureen Reed, Sales Representative office: 416-231-5000 or direct at 416-895-4883, www.resalehomes.name.