11/03/2022
We get asked often, and more often lately, about timing when it comes to investing in Real Estate. There isn't one simple answer, because everyone's situation is different. Factor in the Bank of Canada and their pesky interest rate hikes, and it's enough to make you crawl under the bed in your overpriced rental flat.
Think of it like buying avocados. You have a craving for guacamole (or avocado toast) but when you go to the market, the avocados are all hard, and a few days away from being "guac" worthy. Skip ahead to a week later, when you spot the black, mushy overripe avocado on your windowsill. It's now good for nothing but the green bin. You missed the window of opportunity that would have resulted in perfect guacamole. Dang.
If you jump into the Real Estate market impatiently, without doing your homework, and without pre-approved financing (or a Realtor you trust) you might find yourself in a hard avocado situation.
If you jump in too late, you'll find the market took off without you, leaving you paying someone else's mortgage, and stuck with a mushy, gross avocado.
It's all about timing. Agricola West reacted positively to the latest Bank of Canada rate hike by adjusting the prices on our 2 and 3-bedroom condos. As a result, the timing could be ripe for grabbing the avocado, and making celebratory margaritas in your new home.
Missing an opportunity is the pits. Talk to Maura and Brenda about timing. It really is everything.
Thrive in style at the heart of Halifax at Agricola West. Agricola West is a modern, architecturally designed, 42 unit multi-residential project located at 5684 West Street in the heart of Halifax. The building will contain a mix of bachelor, one, two and three bedroom units. Agricola West will also