Edmonton’s Mortgage Rates are very positive and our housing Market remains strong– which has surprised many analysts. Truth is, our housing market is booming because our city continues to thrive. Our residential developments and our fostering job market constantly attract visitors as well as new residents, who help boost our economy.
As more developments pop up in and around the city, many Edmonton residents are beginning to ask themselves, “is it time to buy our own home?” Well if you’re thinking about buying an Edmonton home for sale, keep the following quick tips in mind:
- Educate yourself. Did you know that on September 4th, 2013 the Bank of Canada announced it will maintain its overnight rate target at 1 percent? The low overnight rate target influences other interest rates as well as mortgages. It never hurts to go out and research some of the options and current events that could affect your mortgage payments.
- Consider a higher payment or more frequent payments. By carefully weighing out your options and developing a solid mortgage repayment plan, you can obtain financial freedom faster. Be sure to thoroughly understand topics such as types of mortgages and interest rates.
- Hire a mortgage professional. TeamParanych® can connect you with mortgage pros in and around Edmonton. Our list of trusted business associates will work with you to help you find the best mortgage option available. They can also answer any questions you may have.
Before you purchase a property it is advisable that you know the current trends in the Canadian Housing Market and how they can benefit you. Terry Paranych and his team can help you understand the Edmonton Housing Market, your mortgage options available, and how you can find the Edmonton property of your dreams. Contact TeamParanych® today for more information!