The Oakville Real Estate Market Is Not As Affordable As It Once Was
The housing crisis has effected virtually every housing sector in Canada including the Oakville real estate market but if the suggestions of the Canadian Real Estate Association are implemented by the provincial government it could ensure that the current market upswing continues into the future. As it stands now first time home buyers are allowed to withdraw up to twenty-five thousand dollar from their retirement savings accounts to be used as a down payment on their next home. The problem is that home prices have increased over the years and by raising the amount many buyers would be able to afford markets like Oakville that would otherwise be out of reach.
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