HOUSING MARKET INSIGHT
The latest Housing Market Insight Ontario report from Canada Mortgage and Housing Corporation (CMHC) says a recent drop in Ontario home prices isn’t expected to continue.
CMHC predicts that moderate economic growth across Ontario will provide support for provincial real estate prices throughout 2018 and 2019.
Market imbalances are easing and fundamentals such as employment, growth in new households and slightly higher interest rates will support home prices. As such, CMHC expects inflation-adjusted home prices in the province will remain relatively stable and close to the levels of last year’s fourth quarter.
Best fixed rates are as low as *3.29 – 3.69 % for a 5 year fixed,
*High Ratio/Quick Close Specials
If you are in the market for a home, book an appointment today to see how the recent regulatory changes by the Office of Superintendent of Financial Institutions will affect your purchase.
**rates subject to change with market conditions – *OAC **conditions apply E. & O. E.
| **Please note that rates shown above are subject to change without notice. The rates shown are posted rates and the actual rate you receive may be different, depending upon your personal financial situation. “Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E.”
Check with your Dominion Lending Centres Mortgage Professional for full details and to determine what rate will be available for you.