Toronto, Canada (PRWEB), July 26, 2013 – Canadalend.com , the leading low-cost private mortgage solution provider in Canada, announces that, with increasing home prices and low interest rates, now is the perfect time for property owners looking to remodel their kitchen, fix up their home exterior, or send their teenager off to university or college to refinance their mortgages.
Recent data from the Canadian Real Estate Association show that the country’s national average property price increased in June by 4.8% year-over-year to $386,585. In May, national average home prices were up 3.7% at $388,910. Closer to home, the average selling price of a home in Toronto was up 4.7% in June at $531,374. In May, prices climbed 5.4%, hitting a record $542,174. (Source: CREA, “Canadian home sales improve in June,” http://creastats.crea.ca/natl/index.htm , July 15, 2013.)
“Even though interest rates are on the rise, they are still near historic lows. But they won’t stay there forever,” says Bob Aggarwal president of Canadalend.com. “With that in mind, now is an ideal time for homeowners looking to do major or minor renovations, send their kids to school, or go on vacation to use the power of their home equity to refinance and lock in at a lower interest rate.”
Whereas big banks are only concerned with selling clients their lending products, regardless of whether it’s in the customer’s best interests or not, a Canadalend.com agent will seek out the lending product best suited to meet each client’s lifestyle needs. Working with all the major banks and lending institutions, a Canadalend.com agent will get its client’s refinancing approved in just 24 hours.
“Whether a client is looking to improve their quality of life or increase the value of their property, the licensed independent agents at Canadalend.com considers each client’s current home equity and lifestyle goals to help secure the best home refinancing possible,” Aggarwal adds. “Searching the widest range of lending products available nationwide also means a Canadalend.com agent can help their clients protect against future changes in the market and interest rates.”
Canadalend.com is one of the largest, most trusted private mortgage brokers in Canada, with skilled independent, licensed professionals helping Canadians coast-to-coast. Canadalend.com assists its clients with residential and commercial mortgages, home equity credit, debt consolidation, and financing concerns. To learn more about Canadalend.com, visit the web site at Canadalend.com .