Is the wild ride in Windsor’s Real Estate market over?
The Canadian Real Estate Association predicts that the Real Estate market across Canada will continue to grow and rise steadily in 2020.
What does that mean?
Well, the Bank of Canada the, the lovely crown corporation that controls the interest rates for lenders has kept the interest rate low. And with the changes to the mortgage stress test that means properties that would have been out of reach, are now becoming more realistic to more potential buyers.
Good news for first time home buyers.
Low interest rates means more money for buyers to spend on houses. This also means homes that may have been out of your price range are now becoming more affordable!
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