RE:Truth comes outThere's no question that lower interest rates are positive for the real estate market. We don't often read comments with a negative tone about lower interest rates. My kids have mortgages and I see lower rates as a positive and even a relief.
Lower rates make housing market more attractive for both buyers and sellers. By the way nearly 1/2 of Canadian mortgages are due for renewal in 2025, with many currently issued at rates less than 1/2 the current interest rate. and I suspect that lower mortgage rates will help some highly leveraged home owners keep their homes.
GLTA