Cheaper loans lead to better prices for seller

Sellers are now much more likely to achieve close to their asking price as historically low mortgage rates entice more buyers on to the market, say agents LPI-SeLoger

Over 20 years, the average mortgage interest rate (excluding insurance) for standard borrowers is 1.2%, as at September 5, 2019, compared with 1.6% a year earlier and 2.7% in September 2015.

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