Home prices on the rise thanks to low mortgage rates

The interest rate cut in January which led to cheaper mortgages has given house prices a boost according to the Teranet HPI.

The interest rate cut in January which led to cheaper mortgages has given house prices a boost according to the Teranet HPI. Resale prices were up by 4.7 per cent in March from a year earlier, although Ottawa and Winnipeg prices declined. Month-over-month eight of the eleven markets grew with a national average of 0.3 per cent. 

 

LATEST NEWS