Ron Butler’s Post

The Worst LIE: Young People Prefer A Lifetime Of Renting Yeah, it's insanity but it keeps popping up lately: lifetime renting could be a "lifestyle choice" Calgary Mayor Jyoti Gondek thought "travel" & "mobility" makes home ownership unnecessary Toronto Star article today We will certainly see more of this utter foolishness moving forward It's the perfect lie to take Government off the hook for the disastrous state of Housing in Canada It tries to legitimize the hellacious imbalance between Boomer Real Estate wealth at young peoples expense It's actually a crap lie: these BS Artists should have done their homework & dreamt up a better distraction from the failure to rebalance the current Housing disaster in Canada I have a suspicion that with New Homes to BUY Construction Starts falling off a cliff in Canada And Purpose Built Rental construction surging that promoting Lifetime Renters represents a idiotic twist that tries to validate these trends Young people would absolutely PREFER to buy homes they just can't due to Insanely Crazy House Prices & high rates in most of Canada Why? Same reasons as always: - To live in a home a Landlord cannot throw you out of - To be able to change the home to your liking - To eventually pay off the mortgage & be payment free in retirement Simple true obvious stuff Let's call the "May prefer to Rent" the lie it is - Ron Call Butler Mortgage TODAY for more information and insight into this ever-changing market! We are here to help! 1-877-568-9255

Let’s face it—homeownership in Canada is increasingly out of reach. The average 600-square-foot condo in Toronto costs around $737K, requiring an $85K down payment and $4,761 in monthly costs. That’s not even looking at the price of single-family homes. For many, homeownership isn’t feasible without family wealth. As Preet Banerjee notes in his Globe and Mail piece, this is causing a generational crisis. But should it? Homeownership does not have to be the only path to financial security. There are over 1.3 million households in Toronto earning between $70K- $200K who cannot afford a downpayment for ownership without family assistance. This represents 25% of the population that can afford rent between $1,750 - $5,000 a month. If you compare a 600 square foot condo with a similar sized rental unit in a multi-family building, renting saves about 40% each month. With this excess cash flow, there is an opportunity to save and invest to grow your personal balance sheet – essentially to make investments that produce stable returns, not tied to homeownership. And without the burden of crushing debt. In many European countries, well over half the population live in rental homes….in Canada it is less than one-third. We need to challenge the stigma of rental living here in Canada, and that starts with building quality rental product that people actually want to live in, especially those with families. https://lnkd.in/gtQByFD6

More than just a HOME There are so many benefits of owning a home! There is a sense of stability for you and your family. You are not having to pay rent on something that will never be yours. In the article below, 'KeepingCurrentMatters.com' explains what benefits there are in owning a home rather than continuing to rent. If you are renting and looking to buy a home, please call 813-512-2100, where you will be connected with an experienced real estate agent that can help you purchase a home. #buyahome #buyahomein2024 #buyahometoday #MoreThanJustAHome #benefitsinowningahome #buyingahome #alignRightsuncoast #sellinghomes #sellinghouses #sellingflorida #callus #callustoday

🏠💭 Buying vs. Renting in Ontario: What's Right for You? Ontario's housing market offers diverse opportunities, whether you're looking to buy a home or rent. Here’s a quick comparison to help you decide which option might be best for you! 🔑 Buying: 1. Long-term Investment: Buying a home is a significant investment that can appreciate over time. 2. Stability: Enjoy the stability and security of owning your home. 3. Personalization: Freedom to customize your space without restrictions. 🏢 Renting: 1. Flexibility: Renting is ideal for those who prefer not committing long-term or who might need to move frequently. 2. Convenience: Maintenance and repairs are generally handled by the landlord, less hassle for you. 3. Lower Initial Costs: Avoid the large down payment and upfront costs associated with buying a home. 🤔 Consider Your Needs: 1. Financial Situation: Assess your current financial stability and future goals. 2. Lifestyle Preferences: Think about where you see yourself in the next 5-10 years. 🏡 Whether you’re ready to plant roots or need flexibility, Ontario offers great options for both buyers and renters. For expert mortgage guidance and award-winning service, contact us at: 📞 1-877-709-0709 🌐 www.burkefinancial.ca 📧 [email protected] #BurkeFinancial #MortgageBrokerage #OntarioRealEstate #HomeBuying #Renting #PropertyMarket #RealEstateTips

Buying Your First Sydney Home? Here’s What They Don’t Tell You If you’re aiming for a home in one of Sydney’s prime suburbs with a budget around $2 million, you’re probably feeling the weight of a lot of decisions—and competition. I recently worked with a couple in similar shoes—busy professionals with a young child and a dream of settling in a quality suburb close to parks and schools. They came to me feeling like they were drowning in the property search. Between the high demand, confusing price trends, and limited access to off-market properties, it felt like Sydney’s housing market had more hurdles than hope. Here’s what surprised them most: ➝ The true market value: We’ve all heard of properties going for $500k+ over the asking price. It’s no longer a case of just finding the right home; it’s about knowing the real market value before someone outbids you. ➝ Off-market gems are real: They’re not just a myth or something out of reach. I regularly work with properties that never make it online, giving my clients a fair shot before the feeding frenzy starts. ➝ Negotiation that works: Good negotiation isn’t about haggling—it’s about securing a home at a fair price without draining your budget for the lifestyle you want. In the end, my clients told me this: “We thought we understood the market. But only after working with a buyer’s agent did we realise how much we’d been missing.” For every aspiring homeowner struggling with the Sydney market—know this: yes, it’s tough, but you don’t have to tackle it alone. If you’re ready for a smoother path to homeownership, let’s connect. 🏡

It’s a great time to rent. The spiraling costs of homeownership have turned the perennial rent-vs.-own equation on its head. In most of the nation’s largest cities, renting is now far cheaper: #realestate #housing #rental

The statements below are from the President of Re/Max Canada and convey his support for the creative ways Canadians are pursuing real estate nowadays. What's not mentioned is that these types of arrangements will not result in more affordable single family dwellings. They will most likely become more unaffordable because they will now be viewed as multi-unit apartments/investments. It may be time that we more accurately refer to them as Flats like the Brits do. I find it baffling for a country that ranks in the Top 20 for the most land per capita. -------------- “Personally, I’m really encouraged by it. I think most Canadians still see real estate as a solid long-term investment, and the fact that they’re buying with friends, renting to own, fractional ownership, just speaks to that overlying desire for homeownership here.” .... “This method of pooling resources has been around forever,” he said. “And it’s just encouraging to see it trickle down to entry-level price points as well.” https://lnkd.in/gKayCqFm

🏡 Are you dreaming of owning a home in 2024 but feeling discouraged by the high prices in your desired housing market? Don't worry! There are ways to navigate this challenge and make your dream a reality. Here are some tips inspired by Dave Ramsey's advice on what to do if you can't afford your housing market: - Reset Your Expectations: It's essential to adjust your expectations about the type of home you want. Consider compromising on certain features or amenities to find a more affordable option that fits your budget. - Broaden Your Search: Expand your home search to include areas outside of your preferred zip code. You might find more affordable options in neighboring communities or suburbs. - Up Your Income or Relocate: If your current income isn't enough to afford a home in your desired market, consider seeking higher-paying job opportunities or exploring relocation options to areas with lower housing costs. - Remember, This Needn't Be Your Forever Home: Your first home doesn't have to tick off every item on your wishlist. Consider it as a stepping stone towards your dream home and be open to upgrading in the future. - Save Longer: If you're set on buying a more expensive home, consider saving for a larger down payment to reduce your monthly mortgage payments and make homeownership more manageable. At SAORSA Real Estate, we understand the challenges of buying a home in today's market. That's why we offer the convenience of purchasing real estate entirely online, making the process easier and more accessible for our clients. Contact us today to learn more about how we can help you achieve your homeownership goals! 🌟🏠 #realestate #housingmarket #RealEstateGoals #AffordableHousing #SAORSARealEstate #OnlineProperty #Insights #FinancialPlanning #DreamHomeGoals #AffordableLiving #Investing #investment Read more: https://lnkd.in/dJZDhX_v

🏠 **Struggling to Buy Your First Home in Alberta? You're Not Alone!** The dream of homeownership is slipping away for many young Canadians. Rising home prices have outpaced wage growth, making it increasingly difficult to break into the housing market. Despite federal measures in the 2024 budget, such as the increased RRSP Home Buyers’ Plan, the impact remains limited. High home prices, especially in urban areas, and cultural biases against renting add to the challenge. Even with restrictions on foreign ownership, domestic speculative purchasing continues to drive market volatility. While long-term policies are in the works, prospective buyers face immediate hurdles. Learn more about the current housing market dynamics and potential solutions: 🔗 [Does Budget 2024 make it easier to buy a first home in Canada?](https://lnkd.in/gx_r8XgW) 🔗 [Alberta House Partners](https://lnkd.in/g4fKi783) #HousingAffordability #FirstTimeHomeBuyers #AlbertaRealEstate #HomeOwnership #Budget2024 #RealEstateChallenges

🏡 Alberta's housing market is heating up, and first-time buyers are feeling the burn! 🔥 Rising interest rates and inflation are making #HousingAffordability a major challenge. With the Bank of Canada raising #MortgageRates, monthly payments are soaring, leaving many prospective homeowners struggling to keep up. The low inventory and fierce competition are adding fuel to the fire, with bidding wars becoming the norm. Even with #DownPaymentAssistance and #FirstTimeHomebuyerPrograms, many are finding it hard to meet the #CreditScoreRequirements to secure a mortgage. Rising construction costs are pushing new home prices higher, making it even tougher for first-timers. Some are turning to rent-to-own options, but these come with their own set of challenges. The Alberta government is exploring new measures to support first-time buyers, including expanding existing programs and promoting new construction. Will these efforts be enough to make a difference? Only time will tell. For more insights and support, visit https://lnkd.in/giwsJgrw. Let's navigate these turbulent times together! 💪 #RealEstate #FirstTimeBuyer #HomeOwnership #AlbertaHousing