Bank of Canada maintains its policy rate at 2.75%.
Spring is in full swing, and with it comes the perfect time for fresh starts. If you're thinking about making a move, there's good news. The Bank of Canada has maintained its policy rate at 2.75%, and new 30-year amortization rules are now available for all buyers of new construction. That means more flexibility, more affordability, and more reasons to take the next step toward homeownership.
Why Now is the Time to Act
Interest rates are lower than they’ve been in years, making monthly payments more manageable. With the potential for even more rate cuts this year, now is a great time to lock in a favorable rate while still having room in your budget to personalize your home.
The 30-year amortization option, which used to be limited to first-time buyers, is now available to anyone purchasing a new construction home. This can lower your monthly payments and give you more financial freedom to get the home you really want.
Plus, Daytona Days is offering limited-time savings on both quick possession and presale homes. It is a great way to make the most of your budget and find a home that checks all the boxes.
What Should Buyers Do?
1. Explore Your Options: Browse our move-in ready homes or take a look at our explore our models to find the one that fits your life and timeline.
2. Get Pre-Approved: A pre-approval gives you a clear picture of your budget and helps your shop with confidence.
3. Think Ahead: Lower rates can give you more buying power. This could be your chance to step into a home with the space, upgrades, or features you’ve been dreaming of.
Contact us today to take the next step toward your new home.
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