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Reasons Why First-time Buyers are attracted in the Current Market
Although the current condition in the Greater Vancouver real estate is still attractive to the first-time home buyers, one must remember that this current state of home prices won’t be there forever.
We participate in a cyclical market. Therefore, first-time buyers who have been eyeing an opportunity to own a home should take time to find out how they can make use of the benefits of being a home owner.
In the last couple of months, we have been seeing a greater level of interest from first-time buyers.
Some of the reasons why they continue to get attracted are:
- Very low interest rates
- Affordability (in home prices)
- Great savings by availing government incentives for first-time buyers
In the long run, home buyers could see the value of acting upon their decision to be a home owner.
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Sheila Atienza,
Author of “How to Prepare to Own a Home in Canada, Recession-proof Lifestyle for Immigrants and First-time Buyers” (ISBN 978-0981147512)
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