Market Info: Interest Rates
Here's some good news for anyone looking to get into the market (or hoping to attract buyers): The Bank of Canada recently announced that it will be holding interest rates at 1%. For buyers this means that mortgages will be affordable with lower lending rates; for sellers it means that there will be more buyers in the market looking at properties. A win- win for everyone.
For more information, check out the full article on the CREA website here.
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