Are the boom days coming to an end in Canadian Real Estate - Is that a good thing and how will that have an effect on Home sales in Whitby and Durham Region
In a recent article from MortgageBrokerNews.ca The Boom Days are over - is that a good thing?
The article made note that: Better-than-expected job numbers both here and in the U.S. should mean a hike in interest rates by the Federal Reserve, which means the long love affair with low interest is coming to an end, and a positive sign that a potential housing crisis isn’t looming. Read more here
We have seen our big banks are creeping rates higher: variable rates have gone from prime minus -.60 basis points to minus .30 basis points and 5yr rates from 2.69 fixed to 2.79% fixed