If you look beyond the headlines on the real estate market in Calgary, you’ll see that the real positive trend happening is that home prices are lower and mortgage rates are lower, which makes for a great recipe for home buyers.
Calgary has among the lowest rental vacancy rate in the country right now, so if you’ve even been lucky enough to find a place to rent, you may be caught in the “home renter trap”. By that we mean feeling trapped within the walls of a home that doesn’t truly feel like yours.
Every month you pay rent, you’re putting money into your landlord’s mortgage, instead of paying your own and building equity. Most people don’t realize that you can actually buy a home with a lot less than you think. There are lots of government programs out there (such as first-time buyer programs) designed to help get people into the homeownership market.
By working with professionals, you can figure out how to save for that down-payment and finally take the step into homeownership. We’ve got a free guide available on our website on moving from renter to homeowner, and you can always feel free to contact us anytime.
