The GTA Real Estate Market According To @sellhomes4less
Wednesday, 21 March 2012, 10:52:46 PM
Reminder to all prospective home buyers - GET YOUR PREAPPROVALS DONE ASAP! 2.99% fixed rate to be pulled soon, get it locked for 3-4 mo's!
Highly unlikely that fixed rates will go any lower & Scotia bank has already pulled the promotion. Depends on when you want to buy - if you're looking to purchase in the next 3-4 months then it'll be worth it - or even if you're looking to refinance.
Keep in mind though, the next 2-3 months will be very active in the RE market as buyers will try to take advantage of these rates and purchase & close a property soon - with possible bidding wars and an overall increase in property values.
Weigh your options carefully and do what's financially best for you!