time

Time is not something we are used to having in the Real Estate market. Yesterday, the Bank of Canada announced it is giving Canadians more time with its historically low-interest rates and holding (as opposed to increasing) its key interest rate at 0.25%.

If you’re…

• a homeowner with the hopes of refinancing, it is time to get started.

• dreaming of getting into the market in 2022, but it’s still just in your head. Call a mortgage specialist, now. It’s time to get your financing organized and lock in with a pre-approval.

• leveraged with a credit line that is getting out of control, see if you can refinance with the equity from your home.

According to Governor Tiff Macklem, of the Bank of Canada “interest rates are on a rising path”

The next scheduled rate announcement is scheduled for March 2, 2022. It’s 5 weeks away.

Ready, set, GO!