Lower Rates Doing Nothing For Up-Sizing Clients

Lower interest rates – announced by the Bank of Canada last week – will mostly benefit first-time home buyers, not the average up-sizing clients, say agents.

“Getting into the market is quite affordable with mortgage rates today,” says Ira Jelinek, an agent with Harvey Kalles in Toronto. “It’s better for first-time buyers to take that plunge now. You never win trying to time the market.”

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