The president of the Sarnia-Lambton Real Estate Board says even lower interest rates will certainly maintain momentum in the local resale market.
The Bank of Canada stunned economists by cutting its key interest rate a quarter point to point-75 per cent Wednesday.
Jane Baker says 2014 was a record year that saw volume sales hit almost $400-million.
She says the interest rate cut will benefit those who are currently looking to purchase a home, but she doesn't think it will make a huge impact.
Baker says there's always concern though about people taking on too much debt and running into trouble when rates rise again.
