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MESSAGE FROM ELENA

Just a quick update on the real estate front: there aren’t any big changes at the moment. The Bank of Canada's latest report says most Canadians are handling the higher interest rates pretty well, and they’re planning to keep rates steady with a possibility of lowering them later this year. House prices are holding steady too, and it seems like a lot of potential buyers are waiting for those mortgage rates to drop.

So, if you’re thinking about buying, it could be a great time to jump in. We’ve got a good selection of homes, and you can choose a longer closing period to hopefully match up with those lower rates. Give me a shout if you're looking to buy or know someone who is—would love to help you find a great deal.

Take care,


Elena

ARTICLE NEWS AND PUBLICATIONS

OTTAWA--Canadian homeowners have the financial capacity to deal with mortgage renewals at higher rates, the Bank of Canada said Thursday, although senior officials pledged to monitor labor-market developments for signs of income stress.

To rent or to buy a home in Canada, that is the question a new report aims to answer.

Before we get to the summer heat, we have to get through the rainy season. 

ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603