The Best Time of Year to Buy a Home or Investment in December

The time is here!! We have a lot of inventory that started very high in price this year and now, reality has hit and we are seeing price reductions! They overpriced so they are very negotiable now because 2018's clock is ticking fast. Many Sellers want closure by year end and now is your time to get a deal. Whether you are buying an investment or your forever home, or anything in between?! There are deals to be had! The market levelled at the beginning of 2018 and the past few months have seen a 2-5% increase in pricing, depending on the area. Once Spring Market begins? Those prices will start creeping up again as most Buyers prefer to move in the Spring! The fact is, if you do not mind moving when it is cold outside, it will save you money if you buy now. 

Interest rates are being predicted to rise again in January, and it is quite likely they will go up again in April 2019 as well. You can get a guaranteed rate now, locked in for 90-120 days at the lower mortgage rate, and start the house hunting knowing you don't have to worry about the January increase! 

The BEST deals are in December and the beginning of January, before the Spring rush. If you want to keep more money in your pocket, save more money instead of paying it out in interest rates?! Give us a call or send us a message to discuss! We are happy to set up a no cost, no obligation consultation to discuss the best options for you! 

 

https://www.repmag.ca/market-update/housing-collapse-unlikely-say-canadas-accountants-251132.aspx?utm_source=Pinpointe&utm_medium=20181202&utm_campaign=REP-Weekend&utm_content=5A7CBD12-B355-41EE-9B49-6FBA2EAAF64B&tu=5A7CBD12-B355-41EE-9B49-6FBA2EAAF64B&fbclid=IwAR340f2plmDDxLeE865vLFUXa-oydk8ZCluvtk-hpi6VW1VU2AB_2dkRrMU

 

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