The Canadian housing market is showing signs of picking up, and the recent cut to interest rates makes Spring 2020 the perfect time to invest in purchasing a home.
The Bank of Canada cut interest rates at the beginning of March, so getting your mortgage now will save you and your family greatly in the long-term. Interest rates are historically low right now after the 0.5% rate drop, so there is no better time to consider investing in property.
In order to understand what you can expect from your mortgage rates, talk to the builders in Terrace Park about preferred lenders. Your builders have your back, and they will let you know how you can get the best possible rate.
Homes by Avi says you can get their best priced Quick Possession home in Terrace Park at Laurel Green for $395k. That is a beautiful three bedroom home that is suite ready. A 5.0% downpayment is $19,750, and, according to ratehub.ca, with a 5 year fixed rate and 25 year amortization, you should be able to get a rate of 2.69%. Start living in your dream home for under $400K, with payments as little as $893/bi-weekly.
Spring might not yet have sprung, but lowered interest rates paired with the beautiful space and amenities in Laurel Green make for a perfect combo when it comes to choosing your next home. Stop by our show homes to see just how wonderful life in Terrace Park in Laurel Green can be!