With other countries seeing drops in real estate prices due to the global recession, the Canadian real estate market has managed to stay strong and make gains. No where is this more true than in our town of Oakville. Predictions call for Oakville real estate to show a strong finish for 2011, since it looks like the Bank of Canada will hold interest rates at historic lows – at least for the near future.
Oakville has always been desirable place to live – conveniently located to both Toronto and Hamilton, with 2 marinas, lake vistas and plenty of walking trails. Both Oakville and Burlington rank among the most desirable places to live in Canada, and Milton is one of the fastest growing.
The Oakville, Milton and District Real Estate Board recorded home sales in October as being 12.3% higher than in October 2010. Even more impressive was the jump in average price, which was 25.3% higher.
Sellers are responding to the positive price gains that we have seen over the past few months, resulting in more new listings coming on the market each month. Real estate continues to be a good investment, especially when you can get a great deal on a mortgage rate.
If you are thinking of buying a home, it is best to work with a mortgage expert who can help you find the best rates as well as the best terms for your mortgage. When you work with a mortgage broker, you only have to fill out one application and they shop your mortgage over lenders all across Canada – including banks, finance companies, credit unions, private lenders and more. For a mortgage broker in Oakville, Milton, Burlington or Southern Ontario, call Home Loans Ontario at (905) 336-8948 for a free and confidential consultation. They can get you pre-approved before you shop for a home, so you know how much you can comfortably afford. Even if you are self employed, have bad credit or a low down payment, they can help you find a lender, so you can enjoy the benefits of home ownership and increasing real estate prices.