There comes a time in every renter's life when they ask themselves a life-changing question: Is it time to buy a house? The answer is "yes!", if you are tired of:

• investing in someone else's mortgage
• the pungent aroma of your roommate's cooking (or worse)
• waiting for your landlord to fix that light switch (or broken window, lock ... etc.)
• being bound by someone else's paint palette

In all seriousness, renting a home is equivalent to watching your hard earned dollars fly out the window. For example, if you are currently paying $1000 in rent each month, you are not only losing $12,000 a year, you are also:

• paying your landlord's mortgage
• helping him/her build equity in the house
• gaining no benefit from the appreciation (increase in value) of the property

Your landlord no doubt would like to thank you.

Now, let's say you had purchased a home that cost you about $1000 a month. You would:

• be paying down your mortgage
• have seen an increase in your wealth
• increased the value of your home

If these figures should make your teeth grind, it's probably time to say "so long" to your landlord. The truth is, if you can afford to rent, you can afford to own your own home.  Mortgage rates are still at record lows and you can still get into a home with as little as 5% down. 

To calculate what it would cost you to buy, consider one of our "starter homes".  One of our most popular floor plans is the Lucidia, a surprisingly spacious single family home. Right now, we have one available in SunRidge for $259,900. This "all-in" price includes 6 appliances, window coverings, front yard landscaping, fence posts, a rear garage pad and a jetted tub, by the way. 

If you put 5% down on this house, taking advantage of ATB's current "Extreme Discount Mortgage", your monthly payment would be very close to the $1000 per month that you've been paying in rent.

Plus, if you buy new from us, you get:

• lower utilities from an earth-friendly home
• a comprehensive one-year warranty
• a five-year New Home Warranty
• 24/7 access to our emergency service department

We have several homes in this price range in SunRidge and Legacy Ridge. Keep in mind that not only are they brand-spanking new, they come with:

• up to 6 appliances
• window coverings
• front yard landscaping
• fence posts
• a rear garage pad
• lots of other fabulous features

There's no better time to buy. And we're here to help you with great starter homes in great neighbourhoods that will only appreciate in value and build your nest egg significantly.

It's time to say "so long" to that landlord and "hello" to owning your brand new Avonlea home.