Windsor Real Estate Statistics, Market Updates, Housing Starts, Mortgage Rates, Windsor MLS Listings and Data.
Bank of Canada Raises Interest Rates
The Bank of Canada raised it's prime rate .25% today to 1%. This may result in higher mortgage rates depending on what the banks decide to do. The Bank of Montreal had just lowered it's 5 year rate, so we'll see today or tomorrow what they will do. Unfortunately this will not help the already slowed Windsor Real Estate market turning things back to a bit of a buyers market. If you are in the market for some real estate you may want to get a pre approval and get your interest rate locked in before they go up. For moe info call Don Merrifield Jr. 519-944-5955 or email
donmerrifieldjr@remax.net
Filed under: Market Conditions, windsor real estate, windsor real estate for sale, bank rates, bank of canada, interest rates, don merrifield jr, Canadian housing market, mortage rates, bank of canada rates, economic conditions, bank of canada prime rate
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