7th Feb, 2013

Affordability of Fort Erie & Niagara Falls homes for First Time Buyers

Are you a first time buyer concerned about the affordability of Niagara Falls Ontario Canada homes, Fort Erie homes, Port Colborne homes, or Ridgeway homes? At D. W. Howard Realty, our experienced, caring real estate agents want to help you in all aspects of buying a home, including referring you to the right mortgage agent or financial advisor to help you achieve your dream of owning a Niagara Ontario home.

We can see that property prices have gone up, but salaries have not gone up at the same rate.  In 1980, the average Ontario homes price was around $63,000.  Now, the average price for Ontario homes is almost $400,000!

The Ontario Real Estate Association recently conducted a survey  indicating 70% of renters want to purchase a home in the near future, yet 81% of all Ontario residents believe  it is more difficult to own a home now than in the past.

Other studies found that first-time home buyers accounted for about half of all home sales between 2009 and 2011.  Looking to build new? Fort Erie Ontario is unique in its allowance for tall towering homes.

Our D. W. Howard Realty agents will help you calculate what you can afford. Our Niagara Falls ON real estate website also has tools to help home buyers find out what they can afford.  We can also help you calculate closing costs, land transfer taxes, and any renovations or updates you’ll need to make on your new home.  Click here for blog article containing financial advice for first time buyers. Before shopping for a home, make a list of must-haves and a list of features you’re willing to negotiate or live without. Strategic negotiating in your Ontario real estate deal can save you thousands of dollars off your home. Contact D. W. Howard Realty now to speak to one of our friendly agents.

Responses

[…] In order to complete the purchase of your Niagara Falls homes, Fort Erie ON CA homes, Ridgeway Homes, there are a number of expenses to cover, known as closing costs. Contact D. W. Howard Realty now for a no-obligation discussion of what kinds of expenses to expect when buying a home. First-time buyers in particular have special concerns. […]

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