We are 1 month into the 2015 Real Estate market which started off with a surprise move by the Bank of Canada lowering the prime rate. This is great news for buyers - banks are now reducing rates - 5 Year Fixed Term is now @ 2.79% mortgage rates Home prices continuing to rise due to a shortage of listings, it is a Seller's Market again this spring! The IMF continues to to say the Canadian market is overvalued by 20%. The big question is when will we hit the top end of this bull market?
If you have been thinking about making a move - Take advantage of the Early Spring Market - Now is the time to List Your Home - If you have any questions about home values in your neighbourhood! Don't hesitate to call me office number 905-434-2022 cell 905-409-9967. I am always here to help!
Have a Great Day!