The market is up, the market is down, the market is up and down. No Kidding! For the first time in quite a while, the national press in touting a stronger than expected national housing market. Market dynamics are so often self prophesying – when we are told things are bad we spend less (and the markets reflect that), when we are told they are good we spend more and voila….good news abounds. Unfortunately in this day and age of bloggers and reporters who don’t do research other than on blogs it can become a confusing morass of information to wade through when you finally decide to list or buy a home. It can be difficult to separate facts from agendas.
While it is important to pay attention to market trends, a home is not usually a short term investment and there is no safer investment in the long term than real estate. We kept hearing about over inflated prices and price corrections…that never happened. If you are in the market for a new home, it is more important that you seek information about the local market. While Toronto’s average sale price is $520K, ours is closer to $225K for the Niagara Region. The markets are different….period.
Niagara is an exceptional value. The quality of life here includes easy access to golf courses, shopping, theatre, wineries, waterfront access, easy traffic and much, much more. For small investors, you can purchase a rental property and get an immediate ROI, you don’t need to wait for appreciation.
Like all regions, there are good, bad and indifferent locations depending on your needs and wants. Make sure you take the time to find a LOCAL expert with whom to discuss your needs.
I am always available to assist, regardless of your goals and time line – you can’t make decisions without having all the information, so please don’t hesitate to contact me if I can be of help.