Category Questions to ask about buying a house

The Four Best Reasons to Become a Homeowner

Housing prices in canada

If you’ve never bought a house before, the idea of purchasing a new home can be intimidating. However, the benefits that come with being a homeowner are virtually endless. Now just might be the right time for you to make your first foray into buying a house!

Here are the top four reasons why you should consider purchasing a home:

1. Tax benefits: Property tax laws favor homeowners. When your mortgage balance is less than the value of your home, the mortgage interest is completely deductible on your yearly tax return.

2. Buying a house is a great investment: When you rent an apartment, your monthly payment is basically an expense for which you’ll never see a return. By buying a house, you’ll be investing in your house’s value and your own net worth with each monthly payment. Building eq

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