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A Mortgage Broker’s Take on Rural Boom Opportunities

Every cloud has a silver lining, and that could be the case with the pandemic, as well. Although the troubling aspects and sobering costs of the pandemic are undeniable, there are also some positive and profound changes that can mean new opportunities for Canadians and others worldwide. Many workers found themselves working remotely for the first time, and many of those positions look like they will stay that way permanently.

As more people work from home, there is a likelihood that urban living will go into a decline, and a rural boom will result. There is no need to live in a small, cramped city apartment when you don’t need to be close to the office. That smaller urban apartment or home isn’t very appealing when you are spending all day in it either. Cities in Canada and the United States are seeing noticeable population shifts. So, what does this mean to you? Can your mortgage broker help you take advantage of rural boom opportunities? Yes!

First of all, if you live outside the city, your home’s value is on the rise as demand increases. You could already have more equity in your home than you think. It could the perfect time to use that equity to build a home addition onto your house to have a comfortable home office.

It could also be an excellent time to work with a mortgage broker to obtain a property in the country or suburbs. Prices are increasing, but there are still many opportunities for you to get a property with more room for your family.

At Donna Mullen & Associates, we can help you get the best mortgage for your needs, so your dream of owning a home in the Wasaga Beach, Ontario area could be realized. We can also help you utilize the equity in your home to expand or put money down on a vacation home. As an experienced mortgage brokerage, we share our knowledge to provide you with information about all your financial options. We hope that you can look back one day and be thankful you took advantage of the pandemic’s silver lining to achieve your goals. Reach out today to learn more.