Why This is the Right Time to Buy a House?
This is the Right Time to Buy a House. If there is one thing that will drastically cool a fire-hot housing market. It is a global pandemic.
Residential prices in areas within Montreal, Toronto and Calgary are reportedly showing the greatest drop of the last 50 years. This is the right Time to Buy a House. Savvy consumers are taking advantage of the flattening housing market to buy their dream homes. Moreover, now at radically reduced prices.
This is freezing the market,” John Pasalis, president of Toronto property brokerage Realosophy Realty. He said in a phone interview. “The best-case scenario is we see an improvement in activity in the fall. I don’t think anyone’s really expecting anything before that.”
The severity of the impact of the corona virus on the real estate market is not complicated to understand. Millions of Canadians have lost their jobs, and consumers do not feel confident to shop. This is for these big-ticket items amidst the prolonged coronavirus lockdown. Viewing property also takes some smart planning and coordinating. And this is the Right Time to Buy a House
While the reduction in consumer confidence is understandable, and the process may be less streamlined. Those of us who are not afraid to see the future. Because they are choosing to seize the moment and invest with logic, at bargain prices.
Another strong incentive for those looking to purchase homes. This is the low mortgage interest rates.
This is a time when survival feels like the only option. COVID-19 is affecting every country, every city, and every individual. This is in a myriad of small and big ways. But this will not go on forever. When this all ends, you will still need a place to live and a car to drive. Now, more than ever, sellers are more agreeable to negotiate on prices. If you have the savings, it may be the smartest time to skip the toilet paper and invest in those big-ticket items.