|
Affordability remains high despite willingness of Alberta buyers to compete A new report from BMO is shedding some light on the home-buying habits of Canadians, specifically the willingness of buyers to engage in a bidding war. A new report from BMO is shedding some light on the home-buying habits of Canadians, specifically the willingness of buyers to engage in a bidding war. According to the BMO Home Buying Report, the majority of Canadians (75 per cent) are unwilling to enter a bidding war when making an offer on a home. Of those prepared to compete, half would pay up to 110 per cent of the asking price, while a quarter would be willing to bid up to 120 per cent. Broken down by region, the survey revealed Albertans (25%) were more likely to enter into a a bidding war than the average Canadian (22%). Albertans however were less likely to engage in such practices than those living in Ontario (28%) and Manitoba/Saskatchewan (32%). Call me for advice on purchasing your next real estate transaction whether it's your first, second or thousandth. If you are ready to consider buying a home, I can meet you for a free information session about the whole process. The market is always changing and so does the game. You need to know first hand about the current market conditions and know that I have your best interests in mind. With affordable house prices in Calgary and low mortgage rates you could be in sooner than you think. Call me at 403-605-1966 to find out more. Sincerely, Molly McDonald, Realtor Real Estate Professionals Inc. 403-605-1966
|
