Purchasing Condos for the First Time?
Condominiums continue to offer strong opportunities in 2008 to first-time buyers looking for affordable and accessible housing in urban centres like Vancouver, says data released by Genworth Financial Canada. Genworth's Winter 2008 Metropolitan Condominium Outlook concluded that while condo sales numbers are down from near record levels in eight cities surveyed, resale prices should continue to advance in 2008 and grow steadily through 2012. With this information in mind, condominiums remain a very solid opportunity for a first-time buyers.
If you are a first time buyer it is important that the professionals you work with explain everything to you thoroughly, from your lender, realtor , to your lawyer or notary, home inspector, etc. No question is foolish. Keep that in mind when you are looking at purchasing a property.
Jessica Diskant, Park Georgia Realty, Vancouver, 604-999-4770