There are a lot of reasons people hold off on buying a home. They may want to wait until they can afford a more luxurious property, or feel they have to buy at a specific time of year, or want to make sure the first house they buy is their dream home. However, the best strategy is to get into the market as soon as possible and build up equity!
In Winnipeg, over the last 45 years, our market has increased 5% each year on average. This means if you wait and save up for your dream home instead of just purchasing what you can afford at the moment, you’re losing out on a ton of equity in the long term, not to mention how much you may be sinking into rent every month.
Also, it may not seem like it, but our market in Winnipeg is one of the most affordable in the entire country. This means that while even a starter home could be out of reach in places like Vancouver or Toronto, Winnipeg residents have a fantastic advantage when it comes to owning property.
If you’re interested in getting into the market, reach out to Bryan at 204.891.3083.