Good news for everyone looking to buy: The Bank of Canada announced on April 16 that it will continue to offer it's overnight lending rate of 1%.
This comes as good news as we head into the busy time of year in the real estate market. Keeping mortgages- in addition to property prices- within a reasonable range means buyers will have the ability to finance homes sooner, as they can purchase and finance at a lower interest rate. If you'd like to find out more, view the original article here. If you have any questions or would like some help finding a home that's right for you, contact me today and I'll be happy to help. Happy hunting!
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