Several factors influence the East Van homes market, including inflation, investment, construction, employment mortgage interest rates, immigration, etc. Each of these affect the supply and demand of real estate properties in one way or another, and in so doing, affects prices as well. There are three classifications that real estate experts use to describe the supply and demand situation in a particular housing market.
Traditionally, a home buyer will have to put down a 20 percent down payment on a Mount Pleasant home he intends to buy. However, some lenders have made it possible to purchase a home with as little down payment as possible. Some don’t even require a down payment at all. However, to receive the lowest possible interest rates and to get out of debt faster, it’s still wiser to make a down payment, and make it the biggest amount you can come up with.