As the holidays approach and we prepare for the new year, many are planning for exciting changes ahead—like moving into a new home. With the Bank of Canada’s recent rate cut to 3.25% and new 30-year amortization rules coming into effect December 15 for all buyers of new construction, owning a semi-custom home has never been more achievable.

Why Now is the Time to Act

Interest rates are already lower than they’ve been in years, and many experts believe another rate cut could be on the horizon. For semi-custom buyers, this creates an incredible opportunity to secure a favorable mortgage rate while allocating more of your budget toward personalizing your dream home.

Starting December 15, 30-year amortization options—previously limited to first-time buyers—will be available to all buyers of new construction homes. This change can significantly reduce monthly payments, offering more financial flexibility and making your dream home even more accessible.

With lower borrowing costs, you can bring your vision to life—whether it’s an open layout, upgraded kitchen, or finishes tailored to your lifestyle—without stretching your finances.

The Savings Event of the Year

At City Homes, we’re making this season even brighter with The Savings Event of the Year. This exclusive, limited-time incentive offers valuable savings on presales and select move-in ready homes. Paired with the reduced interest rate and new amortization options, it’s the perfect opportunity to design a home that fits your needs and style while keeping more money in your pocket.

What You Can Do Right Now

Here a few steps to make the most of this exciting opportunity:

1. Explore Your Options: Check out our move-in ready homes or take a look at our explore our models to find the one that fits your life and timeline.

2. Get Pre-Approved: Knowing your budget ensures you’re ready to act quickly with the new mortgage policies—and puts you in the best position to maximize your savings

3. Plan for What Matters Most: With lower rates and our exclusive incentives, you’ll have more room in your budget to focus on the features and upgrades that will make your home truly your own.

Why Now?

As 2024 comes to a close, the combination of favorable mortgage rates and The Savings Event of The Year creates an opportune moment to move forward with your semi-custom home journey. Whether you’re taking advantage of lower rates or these exclusive incentives, today’s conditions are set to benefit home buyers like never before.

Let’s get started on your semi-custom home journey today!