Reasons Why First-time Buyers are attracted in the Current Market

Reasons Why First-time Buyers are attracted in the Current Market

Richmond, British Columbia, Canada -

Although the current condition in the Greater Vancouver real estate is still attractive to the first-time home buyers, one must remember that this current state of home prices won't be there forever.

We participate in a cyclical market. Therefore, first-time buyers who have been eyeing an opportunity to own a home should take time to find out how they can make use of the benefits of being a home owner.

In the last couple of months, we have been seeing a greater level of interest from first-time buyers.

Some of the reasons why they continue to get attracted are:

1. Very low interest rates
2. Affordability (in home prices)
3. Great savings by availing government incentives for first-time buyers

In the long run, home buyers could see the value of acting upon their decision to be a home owner, when they start to enjoy the benefits that go with home ownership.

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Sheila Atienza, Richmond BC REALTOR/ Mortgage Broker

Author, You Are Privileged, 12 Success Principles to Uncover Your Innermost Potential

How to Prepare to Own a Home in Canada, Recession-proof Lifestyle for Immigrants and First-time Buyers