Again winter is around the corner and in the media, economic pundits, started predicting about GTA's real estate market. I am not a economist, I am a REALTOR, I would advise my client to go with the basics, take decision based on your own situation.
Where ever the market goes next month or next year, if you have decided and can afford to buy a home for you, go with positive instinct. Any investment for that matter, you have to give at least 5 years before you can have a good return on that investment. Nothing can grow overnight.
Since 2010, I am following this, so many economist predicted every year, real estate market is on the verge of collapse. Based on those predictions, I advised my clients to stay put on buying their home and each time it turn out to be false. Later my clients end up paying more than they should have paid a couple month ago.
Have a look at the chart below, ever since 1995, average price has gone up consistently.
I don't advocate buying a home. I am here to say, make an informed decision, because you buy home for you, you are the one who is responsible to pay mortgage. You know your financial and social situation better than anyone. I am a REALTOR, I here to support you and help you to take that decision.
Where ever the market goes next month or next year, if you have decided and can afford to buy a home for you, go with positive instinct. Any investment for that matter, you have to give at least 5 years before you can have a good return on that investment. Nothing can grow overnight.
Since 2010, I am following this, so many economist predicted every year, real estate market is on the verge of collapse. Based on those predictions, I advised my clients to stay put on buying their home and each time it turn out to be false. Later my clients end up paying more than they should have paid a couple month ago.
Have a look at the chart below, ever since 1995, average price has gone up consistently.
I don't advocate buying a home. I am here to say, make an informed decision, because you buy home for you, you are the one who is responsible to pay mortgage. You know your financial and social situation better than anyone. I am a REALTOR, I here to support you and help you to take that decision.
