Since April 2020, house prices have skyrocketed over 30%, making homeownership challenging for many Canadians. Despite hopes that lower interest rates will help, home affordability remains an issue, with mortgage costs still high and incomes not keeping up. In major markets like Toronto and Vancouver, many potential buyers are priced out, with interest rates around 4.75%. Though the federal government has made changes like extended amortizations to help first-time buyers, the road to affordable housing may take longer than expected.
Even with these challenges, there's always a way forward in real estate. Whether you’re looking to buy, sell, or simply explore your options, I’m here to help you navigate the market and find solutions that work for you. 🌟 Let’s make your real estate dreams a reality!
Reach out today for expert guidance and support! 📲
Gary "Mr. Action" Fayerman
Mobile: (403) 620-2800
Email: mraction@telus.net
Your Trusted Partner in Real Estate. Contact me at 403-620-2800 for all your property needs.
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