According to one of our trusted mortgage brokers, Peter Majthenyi, this might be a great time for first timers to lock in to incredibly low mortgage rates.  Peter says: "It appears there are some signs of a strengthening Economy but by no means are we out of the woods. The need for further interest rate drops is no longer necessary, mind you rates will likely be kept flat for another year until inflation begins. This is an opportunity to capitalize on fixed mortgage rates never seen in the history of our country. Newcomers should consider a fixed mortgage now, while those that already have a variable at the old rate discounts should leave their mortgage as is. CMHC is not predicting any significant drop or rise in home prices ... if someone is planning a move, or a new mortgage .... now is your chance. When you need to learn more, let's connect."  You can reach Peter at 416-410-3298 x 1 or peter@mymortgageplanner.ca