NuTerra Digital Solutions Inc. Assists Property Buyers During Changes in the Real Estate Market

As the interest rate increases and the market adapts, buyers seek professional help to manage the complex property-purchase process.
By: About NuTerra Digital Solutions Inc.
 
VANCOUVER, British Columbia - June 19, 2022 - PRLog -- Rising interest rates and soaring inflation have hit many homeowners in recent months. And those who bought during the pandemic especially worried about the squeeze on household budgets. The annualized inflation rate hit 6.8 percent in April, the fastest rise over three decades and well above the central bank's forecast. Meanwhile, house prices nationally were up 24 percent in April compared with a year earlier and up 53 percent relative to April 2020. On June 1, 2022, The Bank of Canada hiked its key interest rate by another half-percentage point to 1.5 percent as it tried to put the brakes on out-of-control inflation. As the following announcement of the overnight rate change is scheduled for July 13, 2022, current homeowners calculate changes on their current mortgage payments and stress about possible future changes. Theoretically, an increase in interest rates can negatively affect the market by softening demand for residential properties. Fewer people would borrow money at such high costs to purchase a house. Many would prefer to wait until it's less expensive to take on a mortgage. However, depending on the specifics of the home someone has set their heart on, there might still be some excellent listings to purchase.

Today, people seldom choose to do all the extensive research themselves. There are digital platforms that can get prospective buyers all the professional assistance they might need. NuTerra, the Vancouver-based startup project, is conscious of how this kind of increase in the Canadian market can affect buyers' psychology and finances and respectfully acknowledges what it might mean for their customers' future. The company is fully aware of buyers' potential problems during the purchase process. Therefore, the NuTerra team offers their digital platform to conveniently connect all participants: buyers, lawyers, mortgage brokers and realtors to match their listings, preferences and budgets to find the best real estate purchase and sale options.

About NuTerra Digital Solutions Inc.: NuTerra is a Vancouver-based digital platform that connects qualified homebuyers with vendors of mortgaged properties. NuTerra assists home sellers to achieve high market value for their properties, while assisting prospective home buyers with unique "rent to own" lending solutions. (https://nu-terra.com)

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Tags:Software
Industry:Real Estate
Location:Vancouver - British Columbia - Canada
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