A Guide To Real Estate in Newmarket, OntarioPosted by: Quetan Santoer | Posted on: September 2, 2019
If you are looking to buy your first home to start that family you have always wanted and you are trying to find a friendly community outside of the city of Toronto, you should be looking in Newmarket and York Region in general. The real estate market in the town of Newmarket is currently one of the most popular in North America. The town has many new subdivisions being built with wonderfully designed homes that are all close to amazing amenities, services, facilities, and entertainment.
The real estate market and availability in Newmarket is solely based on the demographics. In the last decade the town has seen a huge influx of over a million new people which initially caused a massive shortage of housing to meet the need of new residents. To compensate for this shortage the town has begun many new projects to build new housing within the area.
Though there is a downfall in the US economy that many think will carry over into the Canadian market, this is however not true at all. The Canadian economy is actually thriving and this has caused a boom in the Newmarket real estate market.
When you do decide to buy a new home you need to collect the proper information about the area you are buying in. Determine whether you are looking at a “buyer’s market” or a “seller’s market”, an intense real estate market ensures that the pricing is not raising artificially and you are buying a home based on the actual value of the home. The newly constructed homes in York Region are in very high demand as the towns grow with each passing year. These new homes are being constructed in prime areas and offer the new residents the excitement of the downtown core while still living in a calm, clean and safe area.
If you want to obtain property that is geographically comfortable for you and your family that does not come with the usually high costs of owning a home than the York Region condo real estate market may be something you want to look at. Owning a condo can be a great investment on your way to owning your first home.