07/22/2022
With the series of significant interest rate increases by the Bank of Canada this year, many consumers are wondering how this impacts mortgage payments and housing prices. 📊
The chart below depicts the REALITY of what the changes in rate means for Ontario homeowners. 🏠
As the data shows, home values have balanced out enough in most areas to combat the rise in interest rates. With many buyers actually seeing a decrease in monthly payments versus if they had purchased before the rate hikes. 📉
Looking for more information about your next move? Let's chat! 📞
