MESSAGE FROM ELENA

Turning to the realm of mortgage and real estate, the market remains stable with few significant changes. The resale market is steady, and it appears many are holding off on listing their homes, possibly waiting for interest rates to drop. This leads to a common dilemma: is it better to buy now or wait until rates fall? When rates decrease, demand often increases, which can drive prices up, resulting in a larger mortgage despite the lower rates. My advice would be to focus more on the home prices rather than trying to time the market based on interest rates.

Please feel free to call me with any questions or for further discussion on this topic.

All the best,
Elena

ARTICLE NEWS AND PUBLICATIONS

Mortgage borrowers are increasingly opting for variable-rate mortgages, a trend that is expected to continue as the Bank of Canada continues to lower interest rates.

Money.ca explains the pros and cons of renting and owning property in Canada.

As the mercury climbs, taking advantage of sunny days becomes paramount. Patios, backyards, and balconies become natural extensions of our living rooms in the summer months. It’s a far cry from the 1970s and 1980s when a couple of foldable lawn chairs were more or less the extent of your patio furniture (and hopefully guests brought their own). If the space permitted, maybe there was a picnic table or a hammock slung between two trees—but only if you were lucky!

ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603