RENTING vs. BUYING......What is the difference? Why Purchase ? 1. Build Wealth. Real estate increases in value over time. If you buy today a property at $250,000 and 5 years later, you sell the property at $280,000 you have "gained" $30,000. During those 5 years, you have also been paying off your mortgage. If within that 5 years, you have paid $20,000 towards your home, that means when you sell, you actually have a grand total of $50,000 TAX FREE profit. Could you have saved $10,000 for 5 years in a row while paying rent!? According to a recent article in the GLOBE & MAIL (Jan.24/07): " Residential housing values have increased by an average of 264% in the last 25 years in Canada.."
Please continue to view our website for more information. For contact information, please click HERE. 2. Long Term Security. If you rent your entire life, you will have to be a very savvy investor to ensure your retirement income is sufficient to meet future rent payments. If you own a home at retirement, your overhead cost will be less than rent and your lifestyle & indepedence superior. Your home can even pay you in retirement! 3. Stable payments. We've heard many times that a mortgage is too much of a commitment. In reality, it's no different than rent; if you want a roof over your head, you have to pay every month in either case ! Its possible though, with a mortgage, to actually have constant payments until your home is paid for. In that time, your rent will no doubt have increased dramatically! 4. Pride of Ownership. It goes without saying you will enjoy being the king (or queen) of your own castle. Owning a home opens the door to a better lifestyle and even allows you to finance other purchases with greater ease. There are many other reasons to consider ownership and we know you're reading this because you are aware of them! Owning is easier today than ever before thanks to some incredible evolutions in mortgage financing. We will work carefully with you and your budget to ensure that you can own a comfortable home, comfortably CONTACT US today ! P.S. In case you didn't hear......the service is free! |