March 15, 2020- Canada entered a lock down to prevent the spread of Covid-19. Many people were forced to stay home day after day with only  essential  workers going to work every day. People worked from home while home schooling their children. People who lived in apartments and condo apartments got tired of looking out one window. Homeowners realized that they needed more space to work from home or for their children to home school.

  The result of this event was that as soon as people could get out in June, they started looking for larger homes. Home sales in Calgary, Alberta went up 550% year over year. Those who couldn't move started doing home renovations, finishing their basements and building home offices in the backyard or in the garage. This has resulted in the price of lumber sky-rocketing to never before seen rates.  In addition interest rates dropped for mortgages. For a while you could get a 5 year fixed rate mortgage for 1.59%, an unbelievably low rate for a half decade of security.  Rates jumped in March but they have come down a bit since then. However, I have one lender who has kept rates low the whole time. They are offering 1.74% for 5 years. Imagine how quickly you can pay down your mortgage at that rate!

  If you are living in Alberta , contact me for this great rate. For people in British Columbia and Ontario I have a variable rate mortgage which is at 1.40% right now for 5 years.  Visit my website at http://davidcooke.ca or call me at 403-836-1201 for more info.