While the Bank of Canada has made the rate increase - it will make the mortgages more expensive- but will it make househunting easier?
Clients are still looking for homes as the rates are still better than pre-pandemic...but supply is still low.
What will change with this new hike?
Reach out to me for answers to these questions.
Royal LePage Credit Valley RE
The amount you'll need for a down payment is determined by the home's purchasing price.
As a first-time homebuyer...I can guide you through the calculations so there are NO surprises or disappointments when househunting.
Contact me to learn more:
Royal LePage Credit Valley
With the way real estate is today, simply using online tools may not be enough for first time home buyers to get information on the reality of what they can afford in today's market.
Things to consider: