interest rates

Overview On Wednesday, the Bank of Canada (BoC) reduced its benchmark interest rate for the third consecutive time, aligning with widespread expectations. This decision reflects ongoing easing in broad inflationary pressures. The central bank cut the interest rate by 25 basis points, bringing the policy rate down to 4.25 per cent. Further cuts are anticipated throughout the year. Economic...

Bullet Point Summary of Bank of Canada's October Interest Rate Announcement Bank of Canada: held overnight rate, 5%; Bank Rate, 5¼%; deposit rate, 5% Bank: continuing quantitative tightening policy Global economy: slowing; growth forecast: 2.9% (2023), 2.3% (2024), 2.6% (2025) US economy: stronger than expected China's economic activity: weaker than expected Euro area growth: slowed...

  2016 was without a doubt a record breaking year for the Toronto real estate market. With the average condo prices staggering by 15% and the house prices soaring by a monstrous 22%, things were pretty much looking up for the Toronto real estate market. And surprisingly enough they still seem to be looking up up until now despite the many speculations put out about how the prices could go to an all...

Here come the rate hikes…Bank of Canada raised the rate 25 basis points to 0.5% as expected after GDP growth numbers came in above expectations.  We’ve had the lowest interest rates in history for 13 months so we’ve been a bit spoiled...pretty much knew there was nowhere to go but up!  What about mortgage rates?  Variable mortgage rates will begin to rise of course, but longer term...

Buyers if you haven't already it's time to take advantage of historically low interest rates!  Contact me today to see what's available in the market.  Your Dream home awaits!   Seller's Spring is basically here take advantage of the spring market!  Contact me today for your Free, No Obligation, Home Evaluation! ...