When is the best time to buy a home?

If clients are looking to buy their dream homes, January may be the best month to do so.

That’s because the largest month-to-month price increases occur between the start of the year and February, says research by TheRedPin.com. And, even though inventory tends to be low in January, so too is competition since people often wait until the spring to buy homes.

Still, clients should never rush into real estate purchases. With prices continuing to rise across Canada, people need to consider whether they can afford to buy, and should ensure they’re choosing the right properties and neighbourhoods.

Read more on the questions clients should consider before buying.

Also check out:

No real estate crash, but slowdown coming

No housing correction in 2016

Seniors can’t afford to live at home during retirement

Housing vulnerabilities have edged higher: BoC

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.