To Buy Or Not To Buy?

August 25, 2009

A real estate article by Jesse Spencer, published in the Vancouver Magazine, Sept 1 2009 is an interesting read:

“Vancouver’s response to the challenges of sustainability is one of the reasons our real-estate values have not followed similarly expensive American markets into the toilet, and probably won’t. And one of the reasons why, if you’re thinking of buying, now might well be a good time”.

Should you buy now? “The first question to answer is about yourself,” says Ozzie Jurock, who’s followed Vancouver real estate closely for 40 years. “Are you buying a home to live in or as an investment? If it’s an investment, are you looking for cash flow or long-term appreciation? You need to understand who you are and what your motives are.”

 Read the full article here.

Richmond condo
Whether you should buy or not to buy is dependent on your situation. You have to decide if you are comfortable with your financial commitment, and if if makes sense for you to own your home now. Over the long term,  home ownership builds equity, and a home appreciates in value.

You can check out the homes available for sale in Richmond, or metro Vancouver. If you like to find out more info on home financing, what and where to buy, you are welcome to contact me.

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