Oakville Real Estate News

Getting Creative To Get Into The Housing Market


Blog by Joette Fielding | July 12th, 2016


housing-market.jpgWith the average price of a detached home out of most first-time buyers’ reach, those with less than $1 million to spend have a few options. Most choose one of three routes:

  1. Stay in the city and buy a condo within budget, hoping to build equity and climb the property ladder
  2. Stay in the city and rent. It usually means being able to afford to live in an area that would be unaffordable to buy
  3. Leave the city and buy in a suburb or nearby city that is within price range

But for many, those three options just don’t fit. A lot of people are becoming creative with their buying power and choosing to utilize more unusual options to solve the issue of affordability.

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