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
however you are more interested in owning a dazzling new condo
Newmarket also offers an amazing real estate market for condos as well.
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.

Whatever it is you decide
to invest in whether it be a new home or a condo you need to remember to
obtain the services of a professional real estate lawyer to take care
of all the legal obligations that come along with it. The deed, bill of
sale, mortgage arrangements, promissory note, and closing statements
will be handled by your real estate lawyer on your behalf. The lawyer
will make sure you get a good interest rate on your mortgage which is
crucial to being able to afford your investment and avoid foreclosure.