It's a great time to buy (really)!

With house prices trending slightly downwards, many folks feel that now is a bad time to buy. In reality, it's a great time to buy! If you have money in the bank (!), you can leave it there and make 2% or so in interest (which will probably be gobbled up by the banks in fees), and continue to pay rent/stay where you are. Or, you can flush it down the stock market.... Or, you can shop around for real estate and get yourself a good deal at a time of record low interest rates. This might sound like a sales pitch (never!), but it's all true. If you are currently renting, you are paying for shelter with no gain in equity. Even in a flat market, mortgage payments build equity in your home. Plus, this market will not last long. As many of you already know, I'm predicting a 'bounce' in the Toronto market once the current panic - I mean 'economic turmoil' - passes. After all, despite the stock market melt down, high city taxes, and pending job losses across the GTA, Toronto is still a great place to live, with a growing population and vibrant communities. Who wouldn't want to live here?! ;) So, think about that, then call us when you are ready to take advantage of this great buying opportunity!