This is a decision that should be easy to make.
Yup, it’s true: Buying a home in Toronto is one of the smartest financial decisions you will make. Given that the cities property values have increased by an average of 12% over the last 10 years or so. If you choose to rent, you will always be poor, declares real estate guru and best selling author David Bach. And many more worldwide billionaires share the same sentiment.
Some people choose to wait and sit on the fence because it is their belief that the market will crash and re-correct itself. These people will more than likely never buy a home and achieve the American/Canadian dream. Even if prices start to plateau or just rise at a normal rate of 4% per annum you will run the risk of pricing yourself out of the market, the longer you wait the more difficult it will be.
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Vincent La Fiura
Toronto Real Estate, Condos, Lofts, Townhouses, MLS Broker
RE/MAX West Realty Inc.
Brokerage, Independently Owned and Operated
1678 Bloor Street West, 4th Floor
Toronto, Ontario. M6P 1A9.