The affluent town of Oakville is one of Ontario’s most beautiful areas. Located within the GTA, many home buyers want to snap up the gorgeous lakefront properties nestled on the shores of Lake Ontario, making this town a prime spot to purchase a house. Setting is important for many Canadians who are looking to buy a home and Oakville is often referred to as a prime location for property purchases.
Property values depend on certain factors. One of these very important factors is location. Your home’s location plays a big role in its resale value. Because Oakville offers picturesque settings, proximity to Toronto, Hamilton, Niagara Falls, and the United States border, and a safe environment to raise a family, properties in the area can run as high as $3 million dollars. People are willing to pay top prices for a home they know will build up its equity quickly and allow for a very easy resale. Likewise, Oakville offers waterfront properties that are very attractive to buyers. Whether you wish to purchase a waterfront property or a single-family home near the centre of town, you will need a realtor to help you find the perfect house.
You can check out OMDREB, the Oakville, Milton, and District Real Estate Board. They represent over 1,500 real estate agents and brokers who deal exclusively with Oakville and its surrounding areas. You can also contact a mortgage broker because it is common for them to not only have relationships with different lenders but real estate professionals as well.
Working with a mortgage broker can offer tremendous advantages when it comes to getting financing for your property. Mortgage brokers will find you the best interest rate and the finest mortgage package to suit your needs. They are not limited to one lending institution and can provide a wealth of knowledge on the Ontario mortgage and housing industry. If you are a first time home buyer looking to purchase property in Oakville, a mortgage broker who is based in the Greater Toronto Area will have the ability to get you the best lending package to fit your borrowing needs.
Fast Facts About Oakville:
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
There is a massive difference between mortgages and home equity loans. Read More
The Bank of Canada had hiked the interest rates on three separate occasions over the past eight months. Read More
Many first time home buyers have heard the term “mortgage insurance” but may not understand what it is and why it’s necessary to have. Read More
For new homeowners, or for those looking to renew a lease, rising interest rates will have an effect on your finances. Read More