Well the bank of canada has decided to leave the lending rate to 1%. Click the link to read more. It is a good read and you should look at: http://www.bankofcanada.ca/2012/12/press-releases/fad-press-release-2012-12-04/
The time to buy is right now…the time to refinance or renew is now… with my firms record low offerings…the first for buyers for 5 year fixed being 2.79% and the second for people looking to refinance to take equity out to do a debt consolidation or move from one lender to our lenders the rate is a wicked 2.85%.
There is too much bad press on the real estate market. It is a hot market now and if you were still sitting on the fence…get off it and start your buying. This guid from the Canadian Assocation of Relatos is a good manual – Home Buyers Guid: http://crea.ca/resources
Like laways I am here to help YOU!