4 Reasons To Buy A Home

Reasons to buy a home

I think everyone can agree that Canada is pretty awesome, so it’s no surprise that there are many reasons to buy a home here and live it up.

Whether you are buying a home or locking in a mortgage, there really has never been a better a time to buy a home.

Reasons to buy a home #1

A home is an asset
If you buy a car, its value shrinks by one-third the moment you drive it off the lot. A home, however, is an asset that maintains its value over time, and usually increases in value. Even if it turns into a buyer’s market, at the end of the day, you live in the home, it’s yours. Real estate is one of the greatest investments you can make

Reasons to buy a home #2

Mortgage rates are lows
Have you been to a bank lately? Have you seen the mortgage rates they are advertising? Nowadays, you can get a five-year fixed mortgage at 3%; that is insane. And because rates are going to inevitably head upwards, it would serve you best to lock in your interest rate now.

Reasons to buy a home #3

Canada is steady
While just about every other country is currently experiencing financial instability, Canada is the rock among them all, what with its stable banking and steady real estate market. Having a steady country absolves any fear of investing in real estate, so this is certainly a good reason to go for it.

Reasons to buy a home #4

Income-to-price ratio
There are many stats in major markets that reveal that the average price of a Canadian home is about 4.5 times higher than the average Canadian income, and that that same statistic was discovered just before the US and UK markets tanked.

But what these stats don’t tell you is that they include people receiving social assistance and I think it’s pretty safe to say that anyone receiving social assistance will not be buying a home and therefore they should not be included in these stats.

Reasons to buy a home keep coming

When all is said and done, there really are no guarantees and no one can predict the future. After all, they have been talking about a housing bubble for years now and we’re still doing all right.

So long as you can take care of your monthly debts and live a comfortable life, there is no reason why you shouldn’t invest in a home.

If you’re looking for the perfect home in Canada, check out ComFree.com today.

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