Great news for Canadian homebuyers!
Posted by Tanya Rocca onGreat news for Canadian homebuyers! After a year of postponed plans and stalled home buying, many are getting ready to jump back into the housing market. According to a recent survey commissioned by Royal LePage and conducted by Maru/Blue, 62% of those who postponed their plans due to rising interest rates are now willing to return to the market following the Bank of Canada's announcement to hold the overnight lending rate at 4.5%. The survey found that 26% of Canadians who put their home purchase plans on hold over the last year due to rising interest rates will resume their search this spring Many Canadians who intend to return to the housing market are gravitating towards a fixed-rate mortgage, which can shelter homeowners from…
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