Spring Market Update: Longer Mortgage Terms, Increased Sales

MESSAGE FROM ELENA

Dear <<First Name>>,

I hope this email finds you well! Last week was a real mix of weather—warm one minute, cold the next. It's tough to tell which season it is! We've been getting ready for spring here, painting the deck and setting up outdoor furniture for the sunny days we're expecting next week.

I'm excited to share that my daughter is visiting for a week before she heads off to Nova Scotia. We can't wait to spend some quality time together.

In the world of real estate and mortgages, not much has changed. Inflation went up a little bit in March, just by 0.1%, making it 2.9% now. Mortgage rates haven't changed much either.

There's some good news for people buying their first home: the time you can take to pay off an insured mortgage has been increased from 25 years to 30 years. This change will make monthly payments smaller, which is a big help for first-time buyers. Also, home sales have gone up since last year, so we're definitely in the spring market now.

If you or anyone you know wants some real estate advice or a free home evaluation, just let me know.

Best regards,

Elena

ARTICLE NEWS AND PUBLICATIONS

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The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”

Expert Tips on Planning Your Garden for Spring

Whether you’re hoping for lush flower beds bursting with perennials or you want to grow herbs and vegetables for the first time, now’s the perfect time to start planning your garden.

ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603