The best time to buy a home

If you’re looking to buy a home, you’re probably wondering what is the best time to purchase. Studies have shown that the best time to buy is during the Winter months. This makes a lot of sense. How many people want to move in December or January? Not many. You won’t find much competition for properties during this time of the year. Listings tend to stay unsold longer, prompting sellers to be more willing to compromise.

The worst time to buy is in the Spring. Most people want to house hunt in the Spring. The weather is better and it is just in time for school opening. With more competition for properties, prices tend to rise during this time of the year.

If you’re in the Metro Vancouver area, there’s one more advantage to purchasing the Winter. It’s probably raining. This may help you determine whether the property you are buying has problems with water ingress.