What is pre-sale. How to buy something that hasn’t been built.
The situation on the real estate market today.
We all know that the Canadian real estate market is at a great level these days. The analysts do not foresee any breakdowns in the market and credit has become more available for the general public since the increase from 25 to 40 amortization term. Although lengthening the payback period of a mortgage results in more payments, the monthly amount becomes lower making payments more affordable. At the same time, the market is quieter and more stable. It’s a great time for buyers, who can now take their time to choose and make informed decisions.