In the midst of an economic downturn in the US, Lethbridge Builders are looking past the downside of a slow market and are ready to educate consumers on that elusive silver lining.

Lowest Interest Rates In Canadian History.

Interest Rates
In 2009, consumers are benefiting from the lowest mortgage rates recorded in Canadian history.  And with those low rates, the average family today qualifies for $35,000 more when applying for financing that they did just one year ago.  If that same family waits until the interest rates rise back up to almost 7% (2008), not only would they qualify for less money, they would be paying approximately $534/month more for the same home they could purchase at today’s rates.  Buying a home when interest rates are down can save you thousands of dollars.

Bank of Canada interest rate graph.