The post election chatter is fascinating! We have gotten used to a stable economy over the last 10 years. We have looked onto our neighbours struggling South of the border, and we have embraced the economic stability and strong monetary policy that our gov't has provided to our people; even if not all of us have made a conscious effort to make that acknowledgement, we all did enjoy it. Now that the people have spoken and we have a brand new leader, people are asking questions about what the future holds. Having followed the recent chatter among professionals, a certain scenario comes to focus: there will be more gov't spending, higher interest rates, and a focus on construction of rental properties. Much could be said about each of these points, however the bottom line is that this potential scenario puts a prospective home buyer in a very peculiar position. Facing the possibility of higher mortgage rates, the Real Estate market will become volatile.
I am an optimist, but if there is any truth to what the mortgage brokers, bankers, and economists are predicting, now might the best time to take action before the Liberal Effect runs it's course. If you are thinking of buying a home and investing in Real Estate, or know someone who is, now is the time to take the plunge. Take advantage of the low interest rates while they are still being offered. Interestingly enough, I have not heard anyone talking about rates going down in the near future. Contact me now to discuss your real estate needs: 905-845-0180.
Also take advantage of my current promotions:
- Buyers: Buy with me in Oct & Nov and receive Double Air Miles points.
- Sellers: Do you want to know what your current home is worth? Have me prepare a Home Evaluation for you in Oct & Nov and receive 121 Air Miles. No obligations.