Canadian real estate prices remain strong. This is in large part due to a low interest rate environment that not only affects borrowers but investors as well. With low deposit interest rates in Canada, US and Europe, investors are looking for appreciating assets to invest in.
Canada with its diverse stable economy is a desirable place for all sorts of investments and real estate has been the choice for many looking to acquire assets that appreciate.
Meanwhile, the Federal and Provincial governments have been trying to slow down the pace at which home prices have been increasing without any noticeable success and with some unintended consequences. The demand just seems to outweigh the supply which could be for years to come in this low interest rate environment.
Now, maybe more than ever, houses are considered more than a place to live but a true financial investment and having the right financing in place is crucial to the long term performance of your investment. As your Mortgage Professional, I can provide strategies that can help you save thousands in interest costs as well as show you how to use the equity in your home to further your financial goals.
Call or email me today.