Dreaming of buying a home? There’s exciting news: the market just got more affordable, and new mortgage rules are making it easier to purchase your dream home. Here’s why now could be your perfect moment to start your home-buying journey in Halton Hills.

The Bank of Canada dropped interest rates by 0.5% on December 11th—the fifth decrease since June 2024. Mortgages are now more affordable, lowering monthly payments and boosting your purchasing power. While large rate cuts aren’t expected in 2025, smaller reductions may follow, so now is the time to act.

New rules also make homeownership more accessible:

• 30-Year Amortization: Lower monthly payments for first-time buyers and new builds.

• Increased Insured Mortgage Limit: The limit rose from $1 million to $1.5 million, allowing higher loan-to-value mortgages with smaller down payments. A $1.5M home now requires just $125,000 down, compared to $300,000 before.

• First-Time Buyer Perks: Haven’t owned or lived in a home in 4+ years, or recently separated/divorced? You may requalify for incentives.

In Halton Hills, inventory has dropped from over 200 homes earlier this year to 167, making it crucial to act quickly before competition increases further.

As a local real estate expert, I’ll guide you every step of the way, connecting you with trusted mortgage brokers and ensuring a stress-free journey.

Ready to explore your options? Contact me today to get started. Let’s make 2025 the year you find your dream home in Halton Hills!