Now Is The Time to Buy Land, Don’t Wait Until Interest Rates Go Down

The United States Federal Reserve Chairman, Jerome Powell, unveiled another hike in interest rates. It came last Wednesday as the third consecutive spike for this year. The 75-basis-point rise that the Federal Reserve is implementing will increase the cost of living and make lending more costly. Additional rate hikes are expected to take place by the Fed in November and December. These back-to-back surges are implemented with the intention of bringing inflation down. Consequently, easing pressure on prices. Following this trajectory, policymakers are hoping to see inflation falling from 6.3 percent to two percent, before 2025.

The Feds’ anti-inflation strategy can only translate into the following, today and right now interest rates are at their lowest.

The correlation between interest rates and mortgage rates is undeniable. Both follow the same upward or downward trend. But who wants to be stuck with paying extra dollars every other year, if not a quarter, or month? Canada has been following a very similar trend in terms of rate hikes and inflation rates.

Uncertain Times Require Certain Solutions

Even though policymakers are making it more expensive to borrow money, it does not necessarily mean that it is becoming more expensive to purchase land. At Sparta Grounds, we developed an in-house financing solution to help all our customers maximize their Return on Investment (ROI) and make land purchasing much more affordable. We offer our clients a Zero Percent Financing Strategy. Moreover, we value integrity and make sure that no hidden fees will appear along the way. For this reason, we guarantee that our Zero Percent Financing strategy allows our clients to pay off their balance at any time without any penalties, and most importantly without having to deal with unforeseen costs. Our payment terms vary between 36, 48, or 60 months. Our customers can choose the payment plan that best meets their financial needs.

Are you still waiting to begin your investment journey?

With our Zero Percent Financing strategy, you should not have any more excuses not to invest in land. However, now that banks are raising interest rates, does that mean that interest earned on saving accounts has also increased? Yes, but not really.

It is true that there is an opportunity to get high returns on deposits, but history has proven that owning land, in the long run, is more rewarding than a savings account.

Why Is It that Land Is Still Profitable and Safe Despite the Market Slowdown?

In Canada, the demand for real estate keeps increasing while inventory remains low, which means that the prices will keep climbing. As a matter of fact, the government’s plan to receive more than one million immigrants over the next couple of years will help retain the high demand for real estate. With insufficient supply to meet a growing demand, purchasing real estate within the current slowdown is expected to generate more revenues than originally anticipated. It also remains the safest of all investment options, the most predictable, and the most profitable. At Sparta Grounds, we ensure that our clients maximize their ROI by allowing them to choose the payment plan that best aligns with their financial needs and expectations. We offer our clients the possibility to choose to make the down payment they find most suitable to their finances starting from 25 percent only.

Between uncertainty and recessions, land purchase remains a safe long-term investment plan. It will guarantee a high return on your investment.

To start your investment journey with Sparta Grounds, get in contact with our agents to learn more about our Zero Percent Financing program and Investment Club.