Posted 8.28.12 @ 10:51
With prices in the GTA rising ever skyward, it’s no wonder that so many buyers are looking at Oakville real estate. Instead of trying to get the lowest price in Toronto, they’re coming out to Oakville to see what sellers have to offer. The land transfer tax in Toronto isn’t helping, and people can get a hefty $6,000+ in savings even when they’re paying provincial taxes to buy a home.
Why Buy Homes Now?
If you’re considering buying or selling Oakville real estate, now is a great time to act! Interest rates are at unheard of lows, so you’ll be able to get the financing you need to buy the home you’ve always wanted. If you’re a seller this translates into an easier sell; when credit is easier to get more people are looking to buy.
Aren’t a Lot of Buyers a Bad Thing?
With stable inventory (homes on the market) and a steady stream of buyers looking to invest in real estate, a “seller’s market” situation isn’t likely to occur. Prices for Oakville real estate continue to move up and up, but they’re growing at a slower rate than comparable Toronto real estate. You’re going to want to make sure you lock in prices now so you can avoid all of the problems that price inflation can bring. Many Americans for example bought homes at hyper inflated prices only to have to pay mortgages on homes that were devalued by half a few years later. There are price protections for Canadian consumers that prevent things like that.
Does Oakville Have a Land Transfer Tax?
When you purchase an Oakville home for sale, you won’t have to worry about Toronto’s land transfer tax; you will have to pay the usual provincial taxes (there isn’t a way to avoid this one!). This can help you save thousands of dollars off the cost of your purchase, giving you money you can use towards making your new house a home! But if you really want to save when buying a home, you’re going to want to work with a professional who understands the Oakville real estate market. Someone who has worked here for years and can help you find the home that best fits you.
Work with Us!
When you work with the Goodale Miller team, you’ll be able to get all the benefits of our experiences! We’ll be able to help you figure out exactly what kind of home will suit your needs best. Do you need to be close to medical services, the best elementary schools or do you want a place to get away from it all? Whatever you’re looking for you can find it. Don’t just choose any realtor to help you make your purchase, work with the best Oakville real estate agents to get the home you’ve always wanted. We’ll be with you through every step in the process until you’ve found the best home for you.