There’s no denying it—getting into the housing market today is more expensive than ever. Higher prices, elevated interest rates, and low inventory have made homeownership feel out of reach for many, especially first-time buyers. But with the right mindset, it’s still possible to take that important first step.
Today’s buyers often need to make compromises. That might mean choosing a smaller home, an older one, or a location that’s a little outside your ideal zone. But by shifting your focus from “dream home” to “smart start,” you can make a strategic move that sets you up for future success.
Look for homes with “good bones”—a solid structure, functional layout, and room to grow. With a little sweat equity, you can update and personalize the home over time. Improvements like painting, landscaping, replacing flooring, or refreshing a kitchen or bathroom can go a long way. Work with your real estate agent to identify which upgrades are worth the investment and which ones will bring the best return.
Real estate has consistently proven to be a strong long-term investment. According to the Real Estate Investment Network, Canadian real estate has outperformed the stock market over the past 25 years when leveraging is considered. Even during slower years, home values tend to increase over time, helping you build equity and financial security.
If you're ready to consider a home with potential, check out 1535 Willemar Ave in Courtenay. This well-cared-for home sits on a large 0.241-acre lot and has exciting future potential, including possible redevelopment into a fourplex with City of Courtenay approval. It's centrally located, making it ideal for long-term living or investment.
