No surprise today. @bankofcanada holds the key rate at 5%.
Will this increase buyer confidence? We are already seeing lots of activity and multiple offers on some properties.
It’s going to be a busy spring market.
Thoughts?
#InterestRate#RealEstate
No surprise the BoC held the rate today.
Inflation has cooled to 3.1%.
Labour market has eased.
When will they make the first cut in 2024?
#InterestRates#BankofCanada
📣 𝐁 𝐑 𝐄 𝐀 𝐊 𝐈 𝐍 𝐆 𝐍 𝐄 𝐖 𝐒
𝘉𝘢𝘯𝘬 𝘰𝘧 𝘊𝘢𝘯𝘢𝘥𝘢 𝘩𝘰𝘭𝘥𝘴 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘳𝘢𝘵𝘦 𝘴𝘵𝘦𝘢𝘥𝘺 𝘢𝘵 5%
The second straight time the central bank has done so and a sign it may be moving to the sidelines after raising 10 times since last year.
So the BoC paused at 5%. Obviously affordability hasn’t gotten any better, but I’m curious to hear opinions whether this will give buyers confidence to move forward this fall.
#BankofCanada#InterestRates
Bank of Canada is expected to raise the rates again on Wednesday to further soften the economy. Do you think they will hike by .25 bringing the key rate to 5% —or— will there be a surprise pause? How much more can variable rate holders handle?
Had a fantastic time in the County to celebrate 🇨🇦 and kick off the summer, with family and friends.
Took a social break and came back to a... https://t.co/nn0s5kQTZp