16 Mar Second Interest Rate Drop – Good News for Buyers and Sellers

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Another Significant Interest Rate Drop means it is the Perfect Time to Buy or Sell

On March 13th, the Bank of Canada dropped its interest rate by an additional 0.5%. This should lower lending rates even more. Lower mortgage rates means good news for those looking to buy, as they’ll save on mortgage payments, may qualify to borrow more and may make more people eligible for mortgages. It also is good news for sellers as likely more buyers will enter the real estate market. (Buyers be sure to shop for the best rates across multiple lenders.)

With housing prices on the rise in Halton, this break in interest rates should qualify more people as home buyers .

Give us a call, whether you are planning to buy or sell, we will help you every step of the way.

Learn more here.

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