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CURRENT RATES

2 YEAR 3.69%

3 YEAR 3.39%*

4 YEAR 3.64%

5 YEAR 3.69%*

5 YEAR Variable 2.95%*

Updated December 17th, 2018
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

5 reasons to house-hunt this winter

Homeownership.ca

Move over, summer real estate market: An increasing number of Canadians, including first-time homebuyers, are turning to winter house hunting. Here are five reasons why the off-season may be the most magical time of the year…to buy your first home!

1. There’s less competition
Between travel, holiday planning, end-of-year demands at work and a natural urge to cocoon at home, people are less likely to launch a house hunt in December.

This means you’re less likely to fall into a bidding war or to have competitors vying for “your” dream home. Wait too long, and your offer won’t be the only one a seller has to consider.

2. Sellers are motivated
For the same reasons that people are less likely to go house hunting in winter, homeowners are less likely to list in winter. Who wants to complicate their holidays, right? Motivated sellers do

Winter sellers are either trying to sell a house or condo that didn’t move during the peak real estate season or they’re eager to sell their home fast – so fast that they don’t want to wait till the new year. They are more apt to negotiate the price, as well as conditions like closing costs, dates and sales terms (such as what appliances are included in the sale).

Click here to read the full article.