When a new buyer enters the real estate market, there are several things that are assessed in order to determine whether or not they can afford their purchase. The most important of these are income, down payment and credit score.
Earlier this year tougher lending rules meant to cool the real estate market were implemented.
Many people look at real estate as a means to own a home or have a place to live. Many people look at real estate as a means to own a home or have a place to live. The other side of real estate is the investment opportunity that it presents. There are several different ways that someone can invest in the real estate world.
As of April 20, 2017 some market changing measures have been put in place in the real estate world. A 16 - point plan was introduced which will affect buyers, sellers, tenants and landlords all in different ways.
As the market continues to grow in value, more and more people are looking to condominiums as a purchase option. When buying a condo the status certificate is a crucial document outlining rules and details of your purchase.
It’s become very obvious to most people when looking at the real estate market that things are very difficult for first time home buyers.