If real estate is the investment everyone thinks it is, then now’s a good time to look at buying a condo.
You’ve heard about buying low in the stock market, right? The same applies to other assets, including real estate. Buying at depressed prices helps position you well for an upturn, but you have to be OK with near-term price declines. A condo rebound would be driven by lower mortgage rates and pent-up demand from both investors and people who want to both own and occupy their units. CIBC sees potential for “significant upward pressure on condo prices” as rising demand meets inadequate supply of new condo units.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação: