Great news for homebuyers and sellers! The Bank of Canada has recently reduced its interest rate by 0.50%, a move that could significantly impact the real estate market in your favor. If you’ve been thinking about buying or selling a home in Scarborough, this is the perfect time to act.
What Does the Interest Rate Cut Mean for You?
Lower interest rates generally lead to lower mortgage rates, which means more affordable home financing for buyers. This creates a golden opportunity to secure your dream home at a lower cost. For sellers, this increased affordability could boost demand, leading...