While most people can agree that 2020 was a pretty topsy-turvy year all around, it’s also true that the effects are not quite over. Unfortunately, the turning of a calendar year does very little to change global problems. But, one serious upside of the situation is that we are more resilient as a global community.
Indeed, from citizens banding together to support local businesses to countries sharing their vaccines with countries of lower socioeconomic status, our bonds have never been stronger. Even as individuals, many of us have grown to understand and accept our role as a part of a country, and learned to continue our lives in spite of challenges and adversity.
More than ever, people are realizing that they have the choice to interact with society in their own way. For some, this means selling their property and moving somewhere new. For others, it might mean consolidating the family into a single home or taking advantage of some of the main reasons now is a great time to sell your home, such as:
Bank of Canada’s Lower Interest Rate
With a historically low interest rate (0.25%), the Bank of Canada is attempting to do more than encourage homebuyers to spend. They are stimulating the economy by making it easier for investors to take risks without fearing harsh penalties or high-interest rates. As a result, we are seeing renewed interest from many demographics, including first-time homebuyers and seasoned investors.
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