A local real estate company who is marketing the InGastown development is offering prospective buyers the option to trade their cars in for a portion of the down payment of a home. The idea is simple: real estate is a good investment, vehicles are not. In a neighbourhood where parking is already an issue for most residents, the trade could allow those who are tight on funds to get a jump start on the down payment process. Prospects can drive their cars to the sales centre and get the car valued in order to determine if they qualify. The suites in the development start around the $270,000 range and are teeny tiny at only around 500 square feet. The marketing campaign has stirred up quite a bit of interest from buyers including the 238 applicants who have an average car value of $5,000.
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