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.

328 thoughts on “How COVID is influencing home ownership

  1. inverter for home says:

    Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  2. links says:

    What’s Happening i’m new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I hope to contribute & aid other users like its aided me. Great job.

  3. Theresa Davies says:

    Wonderful blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Appreciate it

  4. Christopher Springer says:

    Great post. I was checking continuously this blog and I am impressed!Extremely useful information specifically the last part I care for such information much. I was looking for this particular info for a very long time. Thank you and best of luck.

  5. Anthony Avery says:

    Howdy, I do think your website may be having web browser compatibility problems. When I take a look at your web site in Safari, it looks fine but when opening in Internet Explorer, it’s got some overlapping issues. I just wanted to give you a quick heads up! Other than that, fantastic site!

  6. look says:

    I don’t even know how I ended up here, but I thought this post was good. I do not know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!

  7. create a website says:

    My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on a number of websites for about a year and am nervous about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any kind of help would be greatly appreciated!

Leave a Reply

Your email address will not be published. Required fields are marked *