Interest rates are more than likely to start going up in then next 6 months….very slowly I’m sure.
Are you fully taking advantage of the historic low rates?
Have you thought about refinancing your home?
Maybe pulling out some equity to invest in something?
Straight out buying an investment?
It’s the time to start thinking about it and even to explore opportunities. A lot of times people don’t think they could ever get involved for one reason or another. Some believe they don’t have enough money, some think it’s too risky. Well…There are ways to get in for relatively cheap and even FREE, and when it comes to risk, well…driving can be risky too…but that doesn’t mean you have to be a risky driver.
Remember that Ottawa is a slow and steady market, so the bread and butter to long term wealth here is buying and holding. There are plenty of opportunities out there right now.
I myself am looking to upgrade my personal residence this year and have a secondary dwelling in the walk out lower level to subsidize my mortgage. If rates weren’t where they are I would be staying put for another few years until I completely outgrew my home and had more equity – but instead I’m taking advantage of a good buying environment and upping the ante.
Are you making any moves?
The Evans Real Estate Group Blog 