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Another ‘Jumbo’ Rate Cut from the Bank of Canada! 5 Reasons Why You Need a REALTOR®

The Bank of Canada is now five for the last five on lowering its overnight lending rate, and once again Canadian homeowners and potential buyers will be celebrating a “jumbo rate cut” just in time for the holidays.

Canada’s central bank lowered the policy interest rate 50 basis points on Wednesday, December 11, bringing the new rate to 3.25%. For those currently invested in real estate or those looking to enter the real estate market, falling interest rates help reduce barriers to getting a mortgage, can increase how much home you are able to afford, and reduces mortgage payments for those on variable terms. Read the full story here.

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I have sold a property at 233 Highway 8 in Milton

I have sold a property at 233 Highway 8 in Milton on Dec 31, 2024. See details here

While this 2-bedroom, 1.5 bath bungalow in the picturesque village of Milton is move-in ready, it is impossible not to imagine the potential realized through a cosmetic renovation. Eat-in Kitchen offers a traditional entry door plus patio doors leading to a deck offering stunning water and property views, and stairs leading to the large back yard and waterfront. Living room is a nice size and features a lovely fireplace and brick hearth. Completing the main level are two good size bedrooms, a full bath and a den ~ home office that offers great potential to add a third bedroom on the main level. The partially finished basement is also a great candidate for full development. Featuring a family room area (with wood stove) plus a half-bath, the addition of patio or garden doors would take full advantage of the fantastic water view from the current walk-out doors. This route could be particularly attractive to those seeking a short-term rental unit, or to simply increase living space. One can fish, canoe and kayak from the backyard, and at low-tide, gain access to the Mersey River, Liverpool waterfront and toward the open ocean. This home has so many pluses...the waterfront setting on an arm of the Mersey River feels rustic, vacation-like...yet you are less than a five-minute drive to Liverpool and all amenities.

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