Re/Max Hallmark, our brokerage, is one of the largest in the world with over 500 agents in the GTA. The broker, Ken McLachlan, recently posted this blog to us and we thought it significant enough to pass along.
This is what I strongly believe. I have been in the business of real estate for close to 30 years and have experienced the ups and downs of our markets. In every down market my business has grown because I was able to dig down and do the work required. I never gave up, was prepared and committed to moving forward.
This market is different. I don’t see the market staying the way it is for years to come as in past recessions. Previous real estate recessions had elements in it which we do not have. Higher interest rates, higher unemployment and higher inflation to name a few. This market is different. What we have is a stagnant market which will remain this way for perhaps several months in 2009, but will come out of it strongly in 2010. When the market turns around, prices will increase, and mortgage interest rates will increase. This slower market will be short lived.
For the first half of 2009 we have an incredible real estate window in front of it. An amazing opportunity to purchase attractively priced properties than in past years, incredibly low mortgage interest rates, an abundance of mortgage money for qualified buyers is right in front of us.
Now is the time to buy a property, to move up, to add to our real estate investment portfolios or to begin one. I have never seen a better time in my 30 years to buy property in Toronto. All of our clients who are able to use equity from their homes should consider buying an investment property of some sort. Clients who purchased properties in the early 2000’s and who need a bigger family home should do it now.
The real estate opportunities of the next few months are too good to let go by without getting our clients and ourselves involved. The “Window of Opportunity” in our present Toronto Real Estate market should be taken advantage of.
Real Estate is always a great investment, and now is the best time in years to buy.
Buy Toronto Real Estate Now
Re/Max Hallmark, our brokerage, is one of the largest in the world with over 500 agents in the GTA. The broker, Ken McLachlan, recently posted this blog to us and we thought it significant enough to pass along.
This market is different. I don’t see the market staying the way it is for years to come as in past recessions. Previous real estate recessions had elements in it which we do not have. Higher interest rates, higher unemployment and higher inflation to name a few. This market is different. What we have is a stagnant market which will remain this way for perhaps several months in 2009, but will come out of it strongly in 2010. When the market turns around, prices will increase, and mortgage interest rates will increase. This slower market will be short lived.
For the first half of 2009 we have an incredible real estate window in front of it. An amazing opportunity to purchase attractively priced properties than in past years, incredibly low mortgage interest rates, an abundance of mortgage money for qualified buyers is right in front of us.
Now is the time to buy a property, to move up, to add to our real estate investment portfolios or to begin one. I have never seen a better time in my 30 years to buy property in Toronto. All of our clients who are able to use equity from their homes should consider buying an investment property of some sort. Clients who purchased properties in the early 2000’s and who need a bigger family home should do it now.
The real estate opportunities of the next few months are too good to let go by without getting our clients and ourselves involved. The “Window of Opportunity” in our present Toronto Real Estate market should be taken advantage of.
Real Estate is always a great investment, and now is the best time in years to buy.