Edmonton Real Estate, To Rent or To Buy

By Mark Walker · Friday, May 28, 2010

Have you been wondering whether to continue renting a home in Edmonton or to purchase one of your own?  Jumping into home ownership is a big step and it is important to understand the difference between renting and owning your Edmonton home.  A few things come into play that make it an ideal time to be a first time homeowner.

One of the biggest reasons to jump into Edmonton real estate now is the low interest rates.  The threat of higher interest rates is looming and the current low rates can shave quite a few dollars off of the overall price of an Edmonton home.

Often the thought of coming up with a down payment can deter a renter from purchasing a home but there are many options out there.  First-time homebuyers can withdraw up to $25,000 from their RRSPs to put toward their down payments, a couple can withdraw up to $50,000, and this money is both tax and interest-free.  Then there are the tax credits available for first-time homebuyers in Edmonton.

Diving into Edmonton real estate can be the investment of a lifetime if armed with information and knowledge.  Give me a call today to learn more about financing options for first-time home owners and learn why buying an Edmonton home can often be smarter than renting one.

Contact me for an informed education on Edmonton real estate.  Whether you want to buy or sell I can help get the deal done.  I have access to all available Edmonton real estate listings.

Comments