Becoming a homeowner: AN EXCELLENT DECISION!

Are you thinking about becoming a homeowner? Know that, in addition to offering you numerous financial advantages, buying a home can improve your quality of life. Not to mention that becoming a homeowner provides great freedom, a strong sense of pride, and peace of mind. An invaluable gain!

A home that fits you well

Being a homeowner means, first and foremost, living in a home that matches your tastes and your lifestyle.

Is your family growing and you want to give your children a backyard or a basement playroom? In addition to being an excellent long-term investment, buying a property will allow you to create such spaces. Moreover, if you opt for a condominium or a duplex, you'll save time on maintenance in the first case, and enjoy a substantial supplemental income in the second.

Build up equity

Paying for a home is a bit like saving in the long term. Instead of paying rent to someone else, the monthly mortgage payments you make fund your asset and allow you to build up substantial equity, which you recover later at the end of the loan term.

An investment that pays off!

Across Canada, real estate investment has appreciated greatly over the past decade. In Quebec, the median price of single-family homes has almost doubled over the past eight years, rising from $110,000 in 2002 to $209,500 in 2010. There has thus been an average annual appreciation of nearly 8%.

Fixed payments

Tired of rent increases? Unlike tenants, who have to deal with these fluctuations, you can now, as a homeowner, benefit from fixed payments that will protect you against possible increases in interest rates, depending on the type of mortgage chosen.

A new lifestyle

Finally, let your imagination run free and decorate your home without worrying about the restrictions placed on tenants! All decorating or renovation work will directly benefit you. Moreover, no one will be able to force you to leave your home, or even enter your home, for inspection or maintenance purposes.