George O’Neill discusses the latest move by the Bank of Canada to lower the overnight target interest rate to the lowest level in recorded history at 0.5%. The conditions are ideal for qualified buyers to now step into the market. Don’t delay, these conditions may not last for long. With such low rates, you should incur significant long-term mortgage interest savings, most likely beyond any potential savings by trying to time the market to buy at the bottom. If you have a question or opinion on this please send an email to George@GeorgeONeill.ca or leave a comment on this blog post.
Money Is on Sale!
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