Email Us

Money Issues — A Buyer’s Market

February 2, 2009 by  
Filed under Special Features

If you’ve been longing for your dream home, now’s the time to turn that reverie into reality. Yes, it’s true: lower interest rates, a 10 per cent reduction in home pricing and an abundance of builders’ incentives is pushing economic woe aside and providing you with the opportunity to snag a home priced at a modestly lower price tag. “Because of the current market, it is more realistic and much more affordable to own a home. The incredibly low interest rates assist as well,” says Lou Grossi, broker and manager of Intercity Realty Inc., Brokerage. “In some ways it will be a slower year … that’s for sure. But there will be a lot of opportunities for people,” he says optimistically. Read more