3 reasons why first time buyers should consider buying Guelph real estate now:
1. Declining prices: Yes, mortgage rates are going up. But for those buying a house in Guelph for the first time, houses are about 15% cheaper than 6 months ago!
2. Prices of rentals in Guelph are increasing fast! For just a little more $ you can get a mortgage. A $500,000 or less purchase price in Guelph (there are over 20 RIGHT NOW!) means only 5% down payment.
3. Incentives: there are first time buyer incentives out there. This includes land transfer tax credits and tax free RRSP withdrawals. There are some rules to this, but you should call us if you want more info.
If you need a Guelph realtor or Guelph real estate agent that you can trust, give us a call!