Interest rates may have risen, but prices have come down accordingly. Now is a great time to buy. If you're looking to purchase your first home, let's chat about how we can get you into the market Whether you're looking to buy, sell or invest, I strive to treat your transaction like it were my own, with thoughtful consideration of you and your family's goals and timelines.  Please feel free to call or email me:mobile: 905.638.0033office: 905.304.3303email: joshpurdon@remaxescarpment.com #RealEstate #Realtor #investment #investments #Canada #realtor #househunting #listing #hamontrealtor #hamontrealestate #remaxrealtor #remaxhustle

Whether you're looking to buy, sell or invest

What kind of effects does the recent hike in Canada's interest rate have?

PROPERTIES

The value of Canadian real estate has risen significantly in recent years and is likely to continue doing so. Long-term property value growth is unlikely. Investors who can't handle the real estate market's ups and downs or who must sell in a down market may lose money. Oxford experts predict a 24% home market correction within two years, despite Canada's "historic" housing bubble. However, pre-pandemic house prices are now 50% higher. Long-term, the housing market rises, like the stock market. Consult a real estate specialist to evaluate if now is a good time to buy a property or if you should wait till the market collapses. A real estate agent isn't an oracle, but they can tell you if local prices will rise or fall. Making your initial investment when the market is low will help you make a profit.

Why Should You Invest in Real Estate in Canada in 2022?

<a href="http://www.joshpurdon.com" class="btn">www.joshpurdon.com</a> Please feel free to call or email me:mobile: 905.638.0033office: 905.304.3303email: joshpurdon@remaxescarpment.com Whether you're looking to upgrade or downsize your single-family residential property, multi-residential, investment property or downtown condominium-I have extensive experience in each of these areas of the industry. Licensed in 2005, I've seen all types of market trends in my years of sales experience. Having been on a sales team for a large part of my career, I've returned to working on my own to ensure a personal level of care is delivered to every client. Having bought, owned and sold multi-residential properties myself I understand the ins and outs of managing tenants and ensuring your investments create not only cash flow but capital growth over time. I've completed several large scale renovations on my properties, so I'm quickly able to identify where your money will be best spent in any given property, for both return on that investment and protecting that investment over time. I've also done extensive work with developers, primarily in the recent wave of the downtown new condominium construction field. My largest project completed to date was the Residences at Acclamation, a 76-unit condo development located in the heart of the desired arts district in downtown Hamilton, situated at the corner of James Street North and Mulberry Street. For 4 years, I was involved in bringing the owner's dream of building a mixed-use boutique style condo building to life. From the early stages of planning, design and city approvals, to pre-selling units before they were built, to breaking ground and completing construction. Today at 181 James Street North there are 71 residential units and commercial spaces that I had a hand in creating.&nbsp;Whether you're looking to buy, sell or invest, I strive to treat your transaction like it were my own, with thoughtful consideration of you and your family's goals and timelines.&nbsp; Josh.
 
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Josh Purdon