Posted 11.30.12 @ 13:10
In late October the BoC decided to keep interest rates holding at 1%, meaning that these are the longest rates have been that low in the last 70 years. But how do low interest rates affect you when you want to buy luxury Oakville real estate, and is it really the time to buy? When interest rates are low, that’s always the time to buy! Financing a new home will always be easier and you’ll save much more in the long run. With interest rates due to stay in place for the next year, it’s time to start looking for your next home.
Why are Interest Rates so Low?
Interest rates are so low right now because the government is trying to keep inflation and economic growth in check – the worst thing that could happen for the economy would be rising interest rates. The lower interest rates are the more freely banks will lend money, and the easier it is for people to finance homes and businesses. It’s good all around, especially when you want to buy luxury Oakville homes for sale. If you want to be able to find your dream home, there’s no better time than the present.
A Buyer’s Market
From now until the snow begins to melt in February, you’ll find that it’s a buyer’s market out there! People looking at Oakville luxury real estate when they don’t have to slog through the snow – but their loss is your gain! You’re not going to find homes for pennies on the dollar, but you are going to be able to find beautiful luxury Oakville homes for sale and find the one that’s right for you. Why deal with crazy bidding wars on desirable luxury homes when you can get the one that you want?
What Are You Looking for?
You’re going to want to make a list of the things that you want in a home. As Oakville luxury realtors we can help you find the dream home, but you need to steer us in the direction that suits you! The more you know about what you want the less time it’ll take to find the one that’s right for you – a year of low interest rates might seem like it lasts a long time, but it flies by fast. If you want to get a great home with a great mortgage attached, now is the time to buy Oakville luxury real estate.
If you’re ready to start looking at homes, let us help you! It’s your time to shine and we’ll help you find only the best Oakville luxury homes for sale that meet your stringent criteria. You deserve a special place all your own, and with us you’ll get just that. Contact us today and see what we can do for you.