Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 25, 1995, Winnipeg, Manitoba Winnipeg free May 1995 b5 one of the Best times to buy a House is when nobody thinks it much has been made about today real estate markets and most of whats been said has been at we think the time has come to put things in we believe that despite what the doomsayers Tell us this is an Ideal time to buy a As someone considering the Purchase of a you have a right to a balanced View of the housing while others May be Down on the business of buying a were take a minute to read what Canadas leading residential real estate organization has to say about today real estate has news for those who complain that sales Are Way Down compared to last year and that the Market is the fact is that for a very Short period of time from december 1993 to february 1994 record Low interest rates triggered a buying when rates returned to More traditional the Home buying spree while its True that not As Many Homes Are being sold today As compared to last that Doest mean the Market is in a it simply Means that the level of sales has in most markets across Canada Are healthy and More buyers Are actively searching for Homes every buyers Are generally More confident about the dropping interest rates mean that the Cost of financing a Home is going not and five year mortgage rates below 10 makes Home ownership affordable for thousands More firs time a firs time buyer with an annual income of can afford to buy a starter Home and As rates drop the number of qualified buyers goes a financial experts Outlook As a journalist and an i have rarely if Ever seen a More amazing time to buy real estate and get a True mortgage rates Are historically prices have plunged since the crazy eighties and theres exceptional Choice in the As most people will probably need to see rising higher interest rates and a bidding War Over new listings before they realize but those who see it and buy will already be the Garth financial columnist and commentator the Spring 1995 Survey of Market trends across the country paints a realistic picture of trends in Home a few examples Toronto a buyers with steady prices and growing sales experienced this Spring due to stable interest rates and growing consumer Ottawa Market activity forecast to increase and Supply May shrink leading to a More balanced Johns greater consumer Confidence and stable interest rates Are helping to fuel buyers Market is expected to continue through the remainder of this year with greater activity this Vancouver More Long term optimism has Lead to a recent increase in prices should remain stable this Spring and summer with slight increases expected next Calgary sales and Market activity expect to increase through the Spring and prices should hold at their current Regina positive economic Outlook is generating buyer Sellers Market is expected to continue this Spring and Winnipeg Strong economic Outlook should trigger increased sales this a buyers Market is expected to continue through the summer with Good selection of Homes in All Price there is Good news for those concerned about not being Able to take advantage of even lower Many mortgages can be renegotiated at lower rates of interest without is buying a Home today a Good investment As a Long term Home ownership pays excellent Over a recent thirty year period 19611990 in Canada owning a Home on a better return on investment than Treasury government stocks or but More Home ownership provides your family with the Type of personal Security and sense of Well being that no other investment can there Are no landlords to Tell you what Colour to paint your Walls and the monthly rent that buys you nothing will now build into a significant asset if you invest in your own when you sell your Home years you wont pay tax on the added value that your property All other investments Are fully taxable your family Home is its the Only tax shelter you can live there is nothing wrong with making other types of but buying a Home should be your top that Why the government has made it possible for buyers to apply a portion of their rasps towards a Down payment for their first Llott do i know prices wont drop further its not possible to predict when a Market has bottomed Home prices in Many major markets have been increasing since the recession in Many the average Price of a Home has increased since should the Economy continue to improve and interest rates remain below More people will enter the Market and prices will continue their gradual prices Are holding at the lowest Point they have been in mortgage rates below 10 makes it possible for thousands of first time buyers to afford with a Large number of properties on the Sellers Are offering their Homes at realistic the Outlook the Money your Home earns As it increases in value cant be there is no other investment like with lower interest rates owning a Home can become a reality for tens of thousands of firs time the Opportunity has never been the selection never greater or the returns More Frank Ontario Atlantic Canada there is no wrong time to buy a if there is a Best its when prices Are at the lower end of a with interest rates coming Down favouring both seller and 1995 is shaping up As a year of Opportunity to buy or to move up before another upward Price Cycle Robert Cherot regional of Western Canada is Canadas leading residential real estate the network of Over sales associates located in More than 425 offices across Canada produces outstanding results for hundreds of thousands of every sales associates Are full time who know their markets and Are dedicated to the highest standards of 96 of customers responding to Quality Assurance surveys report Overall satisfaction with their sales 94 would recommend their sales associate to others and 93 will Call their sales associate when the time comes to buy or sell their next attracts the Best sales associates by offering the most technologically advanced office support and professional development in the sales associates take Pride in their let make the difference for each office independently owned and ;