In an effort to prevent U.S. economic weakness from spilling over into this country, the month of March saw the banks lowering their interest rates, increasing the affordability of monthly mortgage payments.

With the prime rate now sitting at 5.25% on average, many people are wisely deciding to take advantage of the low rates and beginning their search for a new home. 

Lower rates are not the only incentive out there for buyers.  Extended amortization products that also lower your monthly payments are being offered by most banks as well.

These attractive mortgage conditions coupled with the potential for a $2,000 rebate on the Land Transfer Tax are making home ownership a much more affordable option.

So if you're thinking about buying a home, now is a great time!

Contact me today to make your dream of affordable home ownership a reality!

For more information on mortgage rates & products, land transfer tax rebates or any other real estate related questions, give me a call at (905) 623-6000 or send an e-mail to wshack@sympatico.ca.