If you have been thinking about buying a home in the metro Edmonton area this could be the time to do it.
Here are 5 reasons why you might want to buy a home soon:
1. New lending rules
Starting September 2nd, the federal government is launching a new program designed to encourage first time home buyers to enter the market (First Time Home Buyer Incentive see details here). Essentially the government is going to partner with new home buyers to help them create a down payment. This program applies to buyers with a joint income of less than $120,000 a year. In the metro Edmonton market this applies to most of us.
If you choose to use this program your budget has just increased considerably meaning you could buy a much nicer home.