We spend our days talking about the economy and the trading of shares. We constantly discuss the cost of oil, precious metals and corporations not hitting expectations. I agree that these are important because without the success of business, we’re all not successful.
In one of my last posts, I shared our family’s experience of buying and selling my home and the value of our Realtor to handle the emotional roller coaster of our transaction. Well, we’ve finally moved in and our family is already building beautiful memories.
Now that we”ve moved into our new home, something that has really impacted me throughout the move, is just how many things we need to either throw out and or purchase. Nothing seems to work in our new home or we needed to update. Sure the home was in great shape but the colours, our area rugs, our original art, our furniture and the lighting looked outdated. I quickly realized that its more than just buying a home and moving in. It’s evident that the real estate transaction is a major part of our overall economy.
When someone buys a home, they hire painters, contractors to renovate, install new carpet, refinish floors, window coverings, purchase appliances, electronics and a variety of furniture to fit in every room. I’ve lost count of the amount of trips I’ve made to Lowe’s, Home Depot and Rona but I sure have one thick receipt folder.
I am personally in favour of tightening lending practices to make sure that only qualified clients purchase property. This will only enhance a healthy and vibrant economy and we’re very lucky to have a banking system that leads the world by example. However, before we’re quick to accept new taxes (like the unfair City of Toronto Land Transfer Tax), let’s remember that the real estate transaction controls a corporations target expectations and numbers. Without the real estate transaction, no business can function and have consumers buying products. Since we’re on this topic, my vote will go to the candidate that will abolish such an unfair tax to buyers of real estate.
The real estate transaction is the stick that stirs the economy and we can thank all Realtors that make the transaction happen. Where would the economy be without them?
RE/MAX Ultimate Realty Inc., Brokerage