When should you buy real estate?

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Real Estate Agent with RE/MAX Condos Plus Corporation, Brokerage

When should you buy real estate?

 

I say at the earliest possible time you can afford to; more often than not, it is in the 25 to 30 years, age range. So that, by the time you get to the 60 to 65 years, age range; your real estate investment can provide retirement funds.

 

Many young people in Toronto are choosing to rent rather than buy, even though the cost of borrowing the mortgage funds is low. A big reason for this is the hype in the media about a correction /crash being imminent. This has been said for at least the last fifteen years and it has not happened yet, in Toronto.

So for now, the renters are making their landlords rich …….

Posted by

                                                          ------------------------------------------

Real Estate Agent serving clients for the Toronto Downtown and Toronto Waterfront Area.

Residential and Investment Properties.

Rosalind Nicholas, ACCA,SRS,REALTOR®

e-mail:   Rnicholas@trebnet.com     Tel: 416 918 1972

RE/MAX Condos Plus Corporation, Brokerage, Toronto, ON, Canada.

http://www.youtube.com/watch?v=PMuLzqLe72M&feature=youtu.be

 

 

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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rosalind, such a great post, and the "right time" is always different for every potential buyer.    Some are not ready to settle down, some don't have the credit and the others do not have their down payment.  

Mar 16, 2015 12:33 AM #1
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Rainer
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Rosalind Nicholas

Toronto Condo Real Estate Agent, Toronto ON
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