We're now into the new year 2010 and for home buyers it looks like now is the time to buy!!
The canadian goverment has started by changing some of the rules as I am sure you have heard in the media.
Larger down payments are coming, certainly zero down and even 5% down may be gone.
Tighter qualifying based on a 5 year fixed is being talked about.
Revenue buyers will need a larger down payment.
All these things should point to a buyer getting in now as you may not qualify or have saved a large enough down payment if you wait to long.
Listen you can still get a 5 year mortgage for under 4 % and with lots of inventory here in Medicine Hat Alberta theres deals to be had!!
If you are seriously thinking about a home purchase??
Dont wait it could really cost you.
Also I found this on the web a good one for 1st time buyers go to
Posted by Lorne Krause
on February 18, 2010