Eric Skicki

Interest Rates Unchanged Again

 

For those who have been following interest rates for the past few months, it comes as no surprise that the Bank of Canada announced that there will be no changes to its overnight rate.
Despite the fact that Canada’s economy is performing better than most analysts expected, there are still worries about the instabilities in Europe, the weak U.S. economy and decelerated growth in China. The Canadian economy is expanding at a rate of 3.5 per cent on an annual basis.

What does all this mean for Mississauga condo buyers and sellers?

 

Buyers: It is a great time to take advantage of the low interest rates and lock into a 5 year fixed rate.

Sellers: For those looking to sell, consider the fact that it is easier to find qualified buyers while interest rates are still low.

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      One Comment

      • Sameh Abdelkodos says:

        Dear Eric,

        It was good talking to you. As I mentioned, I’m interested in 3 bedrooms condo, more than 1500 SF & it is preferred to be PH to be ready by end of 2013 or early 2014.

        This is my email address.

        Looking forward to hear from you soon.

        Best regards,
        Sameh

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