Why Buy a Home

ADVANTAGES TO BUYING A HOME


 

Did you know that two out of three Canadian families own a house? That is one of the highest rates of home ownership in the world. And for good reason. Real estate is a great investment in Ottawa.

And with increasing housing prices, it's all the more important for first-time buyers to get a foot on the first rung of the property ladder. 80 per cent of millionaires made their first million in real estate!

 

So what are some of the advantages of becoming a homeowner today?

 

(as opposed to renting, where your money goes to the landlord).

Unlike other investments that can be volatile, the average price of a house for sale in Ottawa has increased every year since 1996. Prices have decreased only five times in the last 50 years and by less than 4.1%. If you would've purchased a home in 1960 for $16,791, it would now be worth $332,536.

In Canada, there has not been a recorded 10-year period where average house prices have not increased.

It gets you into the housing market, keeps you in touch with increasing house prices, and puts you in a good position to trade up to bigger and better homes as your needs change.

Join our Newsletter

Mortgage Calculator

Want to know what your monthly payments will be? Click on our mortgage calculator to find out!

Future Home Buyer?

Thinking about buying a home in the near future? Get instant notifications of new listings that meet your criteria up to 24 hrs before the general public.

© BEAULIEU TEAM 2015 | ROYAL LEPAGE PERFORMANCE