Search
  • Demitry Omrin

RENT TO OWN ELECTION PLATFORM

RENT TO OWN ELECTION PLATFORM: A recent article pitches the latest attempt to address housing affordability. The Liberal platform attempts to make strides on home ownership through a rent to own program. Despite certainly having good intentions it is likely to help only those that were close to having saved enough for a down payment. In other words, it would not help to accelerate the pace of home ownership for someone that is in the early stages of financially planning future homeownership. Valuations rise largely due to a rapid pace by the increased amount of financing available - i.e. lower interest rates, easier terms, etc. This means that whenever you see a headline with "rising real estate value" it is inferentially truly saying that buyers are able to finance more. Testament to this is the fact that rental value is disproportionately higher relative to income levels. If employment income cannot keep up with rental value, which is a proxy for property value than homeownership will continue to be a treadmill for many wishing to enter the real estate market. #recg #housingaffordability #realestate #downpaymentassistance #renttoown #commercialrealestate #homeownership #finance #investment

https://storeys.com/liberal-party-rent-to-own-plan/

0 views0 comments

Recent Posts

See All

An old address has been re-configured for the new era. 10 Dundas Street East in downtown Toronto has been completely overhauled. Everything from one of the largest digital billboards in the country to

Office workers at Google are apparently venturing back into the office despite the OMICRON variant. I see this as a sign that people are coming to terms with the fact that the answer to dealing with C

Employee's are now apparently including the flexibility to work remotely as a health benefit according to a recent survey. During the onset of the pandemic I felt that there was too much uncertainty o