Why Now Is the Perfect Time to Buy Your First Edmonton Home
Posted by Terry Paranych on
Even for the most experienced buyer, a home is no small expense – but for a first-time buyer, the idea can be nothing short of overwhelming. However, in addition to Edmonton’s thriving real estate market, there are many reasons why now may be a better time for first-time home buyers than ever before.
Here are 5 reasons why now is the perfect time to buy your first Edmonton home:
1. Historically Low Interest Rates
According to experts, Canada’s mortgage rates are the lowest in history, with the Bank of Canada having dropped its target rate to 0.25% in early 2020, where it has stayed for the last year.
In short, lower interest rates equate to lower monthly payments, ultimately making mortgages more affordable. A such, current rates and…
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