Experts say home buyers should enter the market before interest rates drop

In recent analyzes of the housing market, experts advise buyers who have received a pre-approval for a mortgage to enter the market now instead of waiting for interest rates to drop. According to Leah Zlatkin, loan expert and expert at Lowest Rates, this spring's housing market will be "very hot" due to the pent-up demand for properties. Many buyers have been waiting for the right opportunity to enter the market, but now, according to the current information, entering the market is recommended.

Currently, the number of properties available for sale in Ontario is limited and the homes that are for sale are in high demand. Plus, in some cases, there are competing bids on homes priced at $1 million or more. This situation can be considered as a sign of intense competition in the housing market.


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