There are a number of factors contributing to making NOW the time to make a move whether as a first time buyer or to upsize or downsize.
- Consumer confidence is up and so the housing market will be active, thus bringing more product to the market to choose from.
- Interest rates continue to be very low: as low as 3.09% for a 5 year fixed mortgage.
- Beginning May 1st, 2014 CMHC's mortgage insurance premiums will be increasing by approximately 15%. This will affect your buyers by lowering the amount they qualify for.
For more information about how you can take advantage of the current conditions to realize your real estate dreams, contact me at deb@.stellingthecity.ca