Spring is just around the corner, and we’re seeing the usual uptick in buyers!
Unfortunately, low inventory means homes are selling quickly, and multiple offers are again in the mix. As a result, prices are inching upward.
The Bank of Canada held their key rate again this week, the pause continues, no surprise there given the cooling inflation numbers and US bank turmoil. Don’t jump the gun though and do not expect rate CUTS this year.
Buyers are feeling a bit more confident and coming out of the shadows.
Fixed rates are dropping because lenders want the mortgage business and are fighting for it!
This helps borrowers with mortgage payment affordability and qualification.
Have questions? You know who to call..me!
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