GREAT TIME FOR FIRST TIME BUYERS
Now in Montreal, quebec it is a great time to buy. Interest rates are still very very low, housing prices are pretty stable. Condo prices have
even gone down a bit. There is a tax credit of up to $750.00 for first time home buyers. They can also us money in a RRSP account for the downpayment
without penalty as long as it is used for the down payment and is withdrawn from the bank showing an accepted promise to purchase. As long as your
purchase is not a co-op you can buy a new home/condo for only 5% down. I think the best way for buyers is to use an agent. IT IS FREE! The first few
visits out can help you narrow down from a "wish" to a "must have". These are two completely different things. It is important for first time home buyers to
be able to differentiate between the two. It comes down to compromise. So sometimes seeing more houses makes it easier to do this. A good agent should
be able to guide and assist you through this process, so it is an easy decision not a difficult one. Please contact me to help you look or even if you just have
a question or two.