Yet Another Rate Drop Easing the Way for Buyers

As was widely expected, on Wednesday the Bank of Canada dropped its policy rate by another 0.25%, bringing it to 2.25%. This is the benchmark against which all borrowers, home and condo buyers included, are measured.

What does this mean for you?

In a nutshell, that could means hundreds of dollars in saving every month on your mortgage.

And here is the silver lining: due to market uncertainty, which is not good, we are seeing many homes and condos going for under the asking price, which is definitely good for buyers!

This further compounds your opportunity to grow your wealth and get into the real estate market.

Call me today at 416-809-9005 to explore how we can take advantage of this unique market, and customize it to your needs and timeline.

Thinking of buying or selling real estate?