Canadian Real Estate Market: 6 Reasons Buying a Home Is Better Than Renting

Deciding whether to buy or rent a home is one of the most important financial determinations you can make. In many cases, the choice can have far-reaching consequences to your overall net worth and your financial stability. In the Canadian housing market, home prices have been high over the last decade. However, things are changing, and it’s no longer a firm seller’s market everywhere in Canada. Here are some of the top reasons it can be better to purchase a home than rent.

1. Investment in the Community

One of the most overlooked benefits of buying a home relates to the community where you choose to live. For most people, renting is a non-permanent lifestyle. Most renters think about eventually buying a home and see renting as a temporary step related to finances, job location, or personal circumstances. When you buy a home, you can start to establish your presence in the community where you live. Many homeowners build relationships with neighbors, invest in community projects, and create a lasting mark on the area.

2. Equity

One of the most well-known reasons to buy a home is the chance to build equity. As a homeowner, your monthly housing payment toward your mortgage has the added benefit of building up your equity and increasing your overall net worth. In most cases, investing in a home rather than spending money on rent is a wise financial move, especially if you plan on living in the same place for more than three years.

3. Customization Options

When you look at Calgary mls listings, you can see there are countless options on the market. With the great diversity of available properties, you will likely be able to find something that meets your personal preferences for size, architectural style, and floor plan. Once you purchase your home, you have the freedom to make alterations as you like. Many rental properties don’t allow any customization, but as a homeowner, you can make cosmetic and structural changes to turn your home into one that meets your lifestyle needs.

4. Tax Advantages

Another financial advantage of purchasing a home relates to tax credits. The Canadian government offers two potential tax benefits: rebates based on GST/HST and the homebuyers’ amount tax credit. There are eligibility requirements for both tax benefits, but many buyers qualify for at least one. Depending on where you purchase your home, there may be additional tax incentives offered by the territorial or provincial government. You can talk with an accountant or real estate professional to learn more about the potential tax benefits of buying a home.

5. Emotional Benefits

There are also non-fiscal advantages to buying a home. While some renters may feel insecure about their living circumstances, homeowners often feel a sense of pride and accomplishment in their residences. You may make better financial decisions, especially in terms of saving for the future. Having your own home can also generate feelings of security, peace, and satisfaction. Browse through real estate Calgary listings to start picturing yourself making a life in one of the available homes.

6. Financial Growth

Some of the financial benefits of home ownership, including tax credits and equity, are part of a larger trend of long-term monetary growth. In most cases, homeowners can look forward to improved financial stability and increased net worth the longer they own their home. This is especially true for homeowners who can withstand temporary market downturns and keep their homes until the market stabilizes.

As you can see, there are many benefits to buying a home in Canada. You can get the peace and enjoyment of a customized home and improve your financial status as well. Searching through Calgary real estate listings is a great way to start the process of finding the right home.

Customer Satisfaction and How to Keep Them Loyal

By now, you’ve probably noticed that a repeat customer can be quite beneficial for your company. The happier they are with your service, the more likely they are to come back for more – and, if you’re lucky, they might even recommend you to all of their friends and family as well.

Maintaining a good relationship with your customers is easier said than done, though, but the businesses that are able to do this well tend to be a lot more successful than the rest. That’s why you need to focus all of your efforts on making them happy, keeping them loyal, and nurturing a healthy relationship so that your business can be in full bloom a bit faster.

Here is a handful of tips to get you started on building lasting relationships for the new year so that they’ll come back for more rather than going to your competitors.

#1 Remember to stay in touch

One of the most important things you can do is, unfortunately, also one of the most difficult things to get right; namely, staying in touch with the customers you’ve done business with before. Most companies attempt to do this one way or another and a lot of them will fail miserably by spamming down their customers’ inboxes with intrusive emails, making it almost impossible to opt-out of them, and forgetting to personalise the different offers.

Nobody likes a newsletter that isn’t relevant to them so try to make sure that the offers are right up their alley rather than generic and out of touch.

The newsletters should be something your customer is looking forward to receiving and it’s important that you keep an eye on the data as well; have a look at this article to read more about creating the perfect newsletter or email campaign.

#2 Use surveys to gather intel

Secondly, you won’t be able to pinpoint how your customers would like to interact with your business unless you have a chat with them about it first. Try to lure them with some rewards for completing your survey such as a discount on their next purchase – if they are repeat customers, they’ll be sure to take advantage of the deal.

With this information, it’s going to be so much easier for you to understand exactly what your business is lacking and what made them prefer it, in the first place. You might want to consider stepping up your customer service, for example, by offering eBay Guaranteed Delivery and especially if this is something your competitors don’t offer at the moment.

#3 Be active on social media

Finally, a part of both staying in touch with your most loyal fans and reaching out to new ones is, of course, to be active on social platforms. This is where your customers will be hanging out on their off time and it’s the perfect place for the kind of low-key, casual conversations you need in order to maintain a good relationship.

Use it to understand your ideal customer a bit better, create engaging content, answer all of their questions, and make sure that they know where to reach you when they need you the most. It just makes it a bit easier to stay on their good side for as long as possible.

 

Look Into The Future Of Your Business

The future of your business is hard to imagine. Of course, you’ll probably know exactly what you would like it to look like, but is it always so easy to achieve? No, because running your own business is one of the hardest things you’re ever going to do, and you’ll learn that right from the moment you try and set one up. But as time goes on, you might think that you understand just what it takes to run a business. But then as more time goes on, you’ll realize just how hard it is to actually do it, because so many things can change all of the time! So, you plod along learning as you go, having to deal with the many situations that a business will throw at you. But how do you think you’re going to deal with this, and try and see into the future of your business. Well, it’s easy. Follow our tips below, and look into the future of your business, and mould it to what you need it to be like!

The Vision You Need

Sometimes you just need a vision to be able to guide you. Something that’s going to help you along your way, when you definitely don’t know which way to turn. So, what do you think is going to become your biggest friend here? It’s going to be technology! Netsuite sales forecasting is just one bit of kit that your company could really benefit from, especially when you might feel like you don’t have a clue what’s going on with your sales. It can literally predict the future for you, making it easier for you to make changes in the here and now.  There is plenty more software out there that can also help you to see into the future with things like profits and losses, you just need to try out different ones and see what works for you!

The Guidance You Need

Sometimes you do need a bit of guidance in your life, and your business is most likely going to be craving some as we speak. But we think it’s definitely important that when you are going through some times of trouble, that you get yourself a business analyst in to give an outside view. Sometimes this is all that’s needed to put your business on a new path, and create a better future that you might not have had before! They might be a little pricey to hire, but at least you’re going to be getting your money’s worth when you see improvement.

Making Your Own Future

You really are steering your own ship when it comes to business, and the decisions you make in the here and now are going to directly affect your future. Some companies let outside factors, such as things like debt, affect the course of their business. But if you action every single little thing that might be going wrong with your business, as it is going wrong with your business, there’s no reason why your future can’t be bright!