Getting Into The Real Estate Market
- Home ownership is the single largest source of savings for Canadian households.
- Your payments build equity over time versus renting where your money goes towards the landlord's future retirement.
- Buying a home and building equity is the first step towards home ownership, keeping you in the real estate game. It gets you into the housing market, keeps you in touch with increasing house prices, and puts you in a good position to trade up to bigger and better homes as your circumstances allow.
- Homeowners can use the equity in their homes as security for other loans.
