Looking to buy or sell a home in the Edmonton area? Good news! Edmonton’s real estate market is demonstrating some noticeably positive activity. While much of this bounce-back can be attributed to the province’s re-opening, buyers and sellers are eager to take advantage of the many perks our current market has to offer.
1. Ultra-Low Interest Rates
With Canada’s interest rates sitting at a historic low of 0.25%, the Edmonton real estate market has seen an influx of buyers eager to secure an affordable fixed or variable mortgage at a great rate. While the Bank of Canada has cut its key overnight interest rate three times in light of COVID 19, experts predict that rates will stay low even as the pandemic ends.
2. A Buyers (and Sellers)…
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