Thinking of becoming a homeowner? In addition to the financial benefits, buying a home can improve your quality of life. Not to mention the freedom, pride and peace of mind that come with owning your own home. A priceless gain!
A Well-Adapted Home
First, being a homeowner means living in a home that suits your tastes and lifestyle.
Is your family growing and you’d like to give your children a backyard or a basement playroom? In addition to being an excellent long-term investment, the purchase of a property will enable you to develop such spaces. What’s more, if you opt for a condominium or a plex, you’ll save time on maintenance in the first case, and benefit from an interesting additional income in the second.
Building Up Capital
Paying for a home is like saving for the long term. Instead of paying rent to someone else, the mortgage payments you make each month finance your assets and allow you to build appreciable capital, which you then recover when the payments come due.
An Investment That Pays Off!
Across Canada, real estate investment has increased significantly in value over the past decade. In Québec, the median price of single-family homes has almost doubled over the past eight years, rising from $110,000 in 2002 to $209,500 in 2010. This represents an average annual appreciation of nearly 8%.
Fixed Payments
Tired of rent increases? Unlike renters, who have to deal with these fluctuations, as a homeowner, you can now take advantage of fixed payments that will protect you from possible interest rate hikes, depending on the type of mortgage you choose.
