#VerityAnswers – How the coronavirus (CoVID19) is impacting the mortgage market (March 9th, 2020)
How is the coronavirus impacting mortgage rates? Ashley Langford of the Denova Group met with Brandon Ware to briefly explain how the recent Bank of Canada rate reduction will (*should) have a trickle down effect through to Credit Unions and Trust companies in the coming weeks.
What does this mean to you? Lower mortgage rates. A rate reduction may increase your buying power and reduce monthly carrying costs. Obviously, there are larger health and economic concerns with the virus spreading but the Government is attempting to offset some of the market losses with stimulus tools.
We’re aiming to keep you informed and ahead of the curve when it comes to all things ‘real estate’.