Impact of Interest Rate Drops on the Real Estate Market
When interest rates drop, as they currently are in Canada, the real estate market typically experiences a surge in activity. This phenomenon is driven by several key factors. Here are a few things to know, and to educate your clients on, within the upcoming weeks. Things to anticipate that impact the real estate market when rates drop: Increased Buyer Demand: Lower interest rates mean cheaper borrowing costs. Homebuyers, both first-time buyers and those looking to upgrade, find it more affordable...