How COVID is influencing home ownership

Listen to this Podcast


How COVID is influencing home ownership

COVID-19 has affected most aspects of our lives, including where we’re choosing to live. Many city dwellers are looking to get out of the high-density downtown core and switch to suburban or rural living.

For those who own a home, it’s an attractive time to sell. Sale prices on homes in the city, particularly houses, are soaring and while properties outside the city are also rising in value, prices are still noticeably lower than comparable homes in urban areas.

It’s easy to see why some are attracted to suburban and rural living.

Residing in a lower density community means fewer traffic jams and more opportunities to get to know your neighbours.

You can often get more house — and more land — for your money, giving you space to spread out in. That’s particularly important during a shelter at home order, but it’s also helpful now that people are working and learning from home more often. An extra bedroom or den provides a private office to work in, while a big backyard or deck means more fresh air and relaxation space for the whole family.

The lower cost to purchase a home outside of the downtown core means you may be able to pay down more of your mortgage, or perhaps even pay it off completely, a possibility that creates its own lifestyle advantages.

Could you invest the equity that you’ve freed up to spend less time working or to retire earlier? Or could you use the money to help your adult children get into the challenging housing market?

If selling your home to relocate is in your future, now is the time to sit down with your financial advisor to discuss options and opportunities. You’ll want to look at the role of your home in your retirement plan, for example, and your overall balance sheet including how your assets are invested.

Contact your Carte Financial Group advisor today to review your complete financial picture before you make your move.

2,454 thoughts on “How COVID is influencing home ownership

  1. Dylan Metcalfe says:

    I think this is one of the most vital information for me. And i am glad reading your article. But wanna remark on few general things, The web site style is ideal, the articles is really excellent : D. Good job, cheers

  2. Victor McDonald says:

    Oral hygiene & Cheilitis Oral hygiene can perform a purpose as a healthy treatment of angular cheilitis, specially if you use dentures. However, if you have developed a case of angular cheilitis, then there are some natural treatments that you can use to help the fissures at the corners of your mouth heal. With regards to the Paleo Diet breakfast, the following recipes and concepts are good.

  3. Dorothy Walker says:

    This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.

  4. Paul Gibson says:

    It’s the best time to make a few plans for the long run and it is time to be happy. I’ve read this submit and if I could I want to recommend you few attention-grabbing things or suggestions. Perhaps you can write subsequent articles regarding this article. I desire to read even more issues approximately it!

  5. Gertude Mcgarity says:

    You actually make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!|

  6. Jesusita Routt says:

    Does your site have a contact page? I’m having a tough time locating it but, I’d like to shoot you an email. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.|