John Lam
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Advantages of Buying    
  • Equity build-up. Basically, the longer you own the home the greater the equity that you build.
  • Historically real estate has been a sound financial investment. Over the past 20 years, the average increase in residential property values on a national basis has been approximately 10% a year. Of coarse there are no guarantees.
  • Inflation hedge. Naturally, the appreciation of the value of property over time includes an inflation factor. Historically, land appreciation value on residential homes has been 3 to 4% greater than the inflation rate. However, this can vary, depending on the number of variables.
  • Low down payment. You can get into the real estate market by paying as little as %5 down. The balance would be financed through a mortgage, using the property as security.
  • Tax advantage. In Canada, the exempted anyone who owns a principal residence (home) from tax on that gain. So any increase you make is tax-free.

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