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The common rate on a 30-year, fixed-rate mortgage was just 2.74% in January, up from three.62% the year earlier than and four.76% a decade prior. As of the tip of 2020, the median home price was just below $347,000. When charges are lower, there tends to be extra interest in shopping for homes.
In Toronto – the financial capital of Canada, for example – it would take a few years to save tons of for a down payment, with some estimates predicting as high as 25 years. CREB® acknowledges that its workplace is located, …