By Larry Cerqua, TREB President
From building your wealth, to giving you a sense of community, owning a home can provide you with many benefits.
Home ownership will likely be one of the largest investments in your life, and there are several programs that can help assist with a down payment. Look to a TREB Member REALTOR®, who will use their expertise and knowledge to help guide you in reaching your goal of becoming a homeowner. Plus, if your home investment is your principal residence, price gains are exempt from capital gains tax.
Home ownership and housing affordability are two of the key determinants of economic and social well-being.
Stable housing provides a foundation for parents’ employment stability and income, children’s educational attainment, and a family’s health and civic engagement. Access to home ownership can help families build equity over time, which allows them to save for future investments such as education, health, and even retirement.
One notable mention goes to Habitat for Humanity GTA, where Habitat helps low-income families achieve their dream of home ownership through decent affordable housing, and most recently TREB contributed $150,000 to a new home build for a local family at Habitat’s 140 Pinery Trail.
Finally, your home provides you with the backdrop for all of life’s most important events. Owning your home means contributing to and becoming part of a vibrant community – this is the part of your investment that you just can’t put a price on. Owning a home in a neighbourhood you can call “home” buys you a sense of security and peace of mind that is truly priceless.
Considering home ownership? Talk to a Toronto Real Estate Board Professional Member Realtor. For updates on the real estate market, visit TREBhome.com. If commercial property is what interests you, contact a TREB Commercial Professional Member Realtor by visiting trebcommercial.com.