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Woodstock, Ontario, Canada Local Professional Real Estate

We have first time buyers looking!!!!

Check out our YouTube channel for a short video of the recent rate changes and activity in the market.

Lower Interest Rates

The Royal Bank of Canada (RBC) announced that they were lowering the interest rate of their five-year fixed-term mortgage offering.

According to CBC News, Canada’s largest bank brought down their five-year rate to 3.74% from 3.89%, representing a cut of 0.15%. RBC lowered interest rates in the wake of Canada’s bond yield falling to 1.75%.