We often talk about the deeds of real estate reasons that people buy and sell homes, and sometimes they’re great diapers and diplomas, and sometimes they’re sad things like divorces or death.
The thing that’s on the minds of many homeowners and buyers right now is debt. Yesterday, the Bank of Canada held the mortgage rate, which is great news, but the rates are still challenging for many people, and mortgages are renewing.
Homeowners are stressed out, wondering what they’re going to do if their payment goes up beyond what they can afford. There are a number of options for you.
If you’re in that situation, contact us and let’s talk through how to get you through the next six months until hopefully, we see some light at the end of the tunnel.
Watch the market update here