A recent article in La Presse, titled “Survey: More Homes to Hit the Market by Year-End,” highlights potential shifts in property supply and demand over the coming months.
“Those with a variable-rate mortgage, or those whose loan is coming to maturity, may soon want to downsize to a smaller, less expensive property,” said Philippe Lecoq, president of Proprio Direct—a Brookfield subsidiary since 2017—in a press release.
What should you do if you’re planning to enter the market as a buyer?
Here are some tools to help you prepare to enter the residential real estate market.
- First, calculate the financial benefits of buying to convince yourself that it’s the right decision for you – Rent or Buy – Multi-Prêts Hypothèques (multi-prets.com)
- Understand the tax benefits for first-time buyers — Tax benefits when buying your first home – Multi-Prêts Hypothèques (multi-prets.com)
- Prepare your down payment – Down payment for buying a home – Multi-Prêts Hypothèques (multi-prets.com)
- Call your mortgage broker – The benefits of working with a mortgage broker when buying your first home – Multi-Prêts Hypothèques (multi-prets.com)
A mortgage broker is your best ally when buying a home.
When you’re racking your brain trying to find the best rate and terms on the market, contact your mortgage broker right away. First, they’re a professional regulated by the Financial Markets Authority; second, they work exclusively in your best interest; and third, they can find a solution from among more than 200 different mortgage products.
If you’re unsure which direction to take regarding your mortgage solution and your stress about buying a home is mounting, a single phone call or email could save you thousands of dollars in interest and significantly reduce your stress during the home-buying process.
Find a mortgage broker – Multi-Prêts Hypothèques (multi-prets.com)