Join Peggy Hill on CTV News Barrie as she explores the latest updates on the housing market and mortgage rules. In this segment, Peggy examines how new mortgage regulations might impact affordability for first-time homebuyers and shares her perspective on the 30-year amortization. With mid-summer upon us, she provides an overview of current home prices, new inventory, and market trends. Despite a slight lag in month-over-month activity, Peggy notes an increase in qualified first-time homebuyers thanks to recent rate cuts, indicating their renewed presence in the market. She also discusses fixed rates and advises sellers to exercise patience.
Next Steps
Take the next step towards securing your dream home. Whether you’re a current homeowner looking to make strategic moves in this evolving market or a potential homeowner eager to navigate the path to ownership, our team is here to support you every step of the way. Ready to explore your options and make informed decisions? Reach out to us via our contact page to schedule a personalized consultation with one of our experienced advisors.
