Home prices on the rise thanks to low mortgage rates

Home prices on the rise thanks to low mortgage rates

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. 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.