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What to Do with Your Low Interest Rate

If you scored one of the historically low interest rates on a mortgage from 2020-2022, you probably feel like you should hold onto it. Many homeowners are in the same situation and feel like they can’t upgrade their home and move because their interest rate is too good to let go. But you don’t have to give up your low interest rate to get into a new home! In fact, you can play this scenario out...

Feds announce $113 million to fast-track housing units in Mississauga | insauga

The Canadian federal government is investing nearly $113 million to expedite the construction of over 3,000 housing units in Mississauga within three years. The funding, part of the Housing Accelerator Fund, aims to support infrastructure growth, affordable housing, and transit improvements. The plan includes incentives for affordable rental housing and infrastructure investment. This is the largest...

Mississauga gets $113M in funding from feds for housing

The federal government has confirmed funding of nearly $113 million for the City of Mississauga to fast-track the construction of over 3,000 housing units. The funding comes from the Housing Accelerator Fund, which aims to incentivize municipalities to update their zoning and permit systems. Mississauga will use the funding to support affordable housing, accelerate approval processes, review land for...

Interest rates impacting nearly half of Ontario homeowners’ plans in some way

A survey conducted in Ontario reveals that rising interest rates have affected the home purchase plans of 48% of homeowners and potential buyers. Many are delaying their purchase plans or no longer view buying a home as a good investment. The study also suggests that a significant number of millennials do not expect to be able to afford a home. Continue to full article...

48% of Ontarians changing moving plans due to high interest rates

It’s leading some to give up this milestone completely – 10% of respondents do not plan on owning a home, while a further four per cent put off plans of buying a home due to high interest rates. In the survey, 30% of people believe that real estate is a good investment if you can afford it, and 17% of respondents believe that homes were a good investment before the rate hikes, but do not anymore....

GTA new housing market flat in October, says BILD

Condo sales in the Greater Toronto Area (GTA) are at their lowest levels in a decade, with only 1,872 new home sales in October, down 7% from the previous year. Inventory levels have exceeded 21,000 units for the first time since 2016. The decline in sales is attributed to current monetary policy, interest rates, and affordability issues. Builders are testing the market with new launches to gauge buyer...

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