09 Mar Interest Rate Dropped – Perfect Time to Buy or Sell
Significant Interest Rate Drop means it is the Perfect Time to Buy or Sell
The Bank of Canada reduced interest rates by 0.5% on March 4th. This should translate into lower lending rates. Buyers be sure to shop for the best rates across multiple lenders. Lower mortgage rates means good news for those looking to buy, as they’ll save on mortgage payments and may qualify to borrow more. It also is good news for sellers as likely more buyers will enter the real estate market.
As we’ve already seen this year, housing prices in Halton are on the rise so this break in interest rates should qualify more buyers looking for a place to call home.
Give us a call, whether you are planning to buy or sell, we will help you every step of the way.
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