Here’s why:
While pretty much every headline spells out the very high likelihood of interest rates falling at some point this year, our advice is not to wait.
You know who’s waiting?
Everyone else.
You know who’s gonna be rushing the market as soon as that 1st rate drop hits?
Everyone else.
You know who’s likely going to be paying a higher purchase price alongside that lower rate?
All signs point to…Everyone else.
But here’s the tea 🫖
If and when rates go down, you can always renegotiate your mortgage.
Know what you can NEVER renegotiate?
The purchase price.
Over the course of your mortgage, rates will rise, and rates will fall, but that initial mortgaged amount is set in stone ✍️
This is rare moment in Toronto real estate where being a buyer is actually empowering.
Are you ready to get ahead of the (magic) 8 ball? 🎱
Let’s talk 📲