First Time Buyers driving the Real Estate Market
First Time Buyers driving the Real Estate Market
Thu, Mar 12th, 2009
The Canadian Press
MISSISSAUGA
First-time homebuyers are being lured into the real estate market by falling prices, lower interest rates, more selection and new government incentives, a new report says.
Preliminary figures show house sales were up in February, after a terrible January, driven by more first-time buyers entering the market, the ReMax real estate company said yesterday.
ReMax said lower prices and record low lending rates are prompting many first-time buyers to "get off the fence, out of rental, and into the market.''
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