Attention First time Buyers!

Conditions today in the London and St Thomas Real Estate Market are more than favourable for first time buyers. In fact, whether you are buying your first home, second home, a cottage or an investment property with Interest rates remaining low and the high number of available properties keeping market values balanced and different types of mortgages that can be customized just for you, now is a fantastic time to start looking for your next  home!                                                                                                                                                                                                                        

Interest Rates:

With the Bank of Canada leaving its interest rate unchanged at one per cent, now is a great time to purchase a home. Interest rates are expected to stay low for the near future, but no one can be certain they won't rise again.  It's a great opportuinty to take advantage of low interest rates with either a variable or fixed rate mortgage.


Buyers Market:

Currently we're seeing on average over 80 new properties listed PER DAY in London and St. Thomas region.  These are a mix of new builds, re-sale detached residential and condominiuim properties, as well as investement and cottage properties.  With the abundance of choice in the marketplace, prices are remaining balanced and providing many many options for buyers.  Remeber First-time homebuyers of an eligible home may be eligible for a refund of all or part of the land transfer tax.



Make the new home, 'Your' new home with a Purchase Plus improvements Mortgage:

Maybe you find the perfect home but it doesnt have a finished basement, something you desire.  A Pre-approved renovations credit with certian mortgages can create your perfect house.  How about have the basement renovation finished as part of the mortgae for as little at $125/mth as opposed to forking out $10-20K all at once.  With todays mortgage companies offdering Purchase Plus Improvement Financing you can arrange to have major renovations done as part of your mortgage financing and have the work start as soon as you take possession, new floors, new kitchen, or new bathrooms, the list goes on, and these litle customizations can help make a house your new home - the way you want it.


Call me today to discuss your options, I can recommend trusted professionals  to assist with lending, legal matters, insuarance, inspections and surveys, as well as research special government incentives for first time home buyers.                                                                                                                                         






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Andrew Redman

Andrew Redman

Sales Representative
CENTURY 21 First Canadian Corp., Brokerage*
Contact Me