The Bank of Canada has again left their overnight lending rate at record lows. This should result in mortgage rates remaining low for the next few months.
Bank of Canada Keeps Lending Rate at 0.25%
This means that buyers will continue to be able to qualify for large mortgages which should keep house prices at high levels. It appears that 2010 will be very active year for home buyers and sellers.
Culture Realty Solutions Inc.
1-877-277-0190
Tuesday, January 19, 2010
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