Market Update: Mortgage Rates

mortgage rates market update from the best Kingston real estate agents

Mortgage Rates

Yesterday, the Bank of Canada increased mortgage rates again.

And why did they do that?

Even though the economy is recovering, there is still inflation.

Well, you know what’s driving that? Inflation mortgage interest rates.

So I don’t know what they’re doing.

But what it means is if you are a buyer and you’re out there, and you’ve got a locked-in rate for a mortgage, now’s the time to get out and buy a house before you lose that rate. Contact us. We can help.

Watch the market update here

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About the Author

With expertise, respect, integrity, and compassion, I will guide you through one of life's most important personal and financial decisions - buying or selling a home. To me, you are family and I have your back! I appreciate that my clients trust me to guide them through one of their most important life decisions. To deliver professional 5 star service, I will always:

  •  Deliver Value
  • Build and Maintain Trust 
  • Put Clients First