Holding interest rate

March 8 2023 - Today, the Bank of Canada decided to keep the trend-setting interest rate where it is at 4.5%  The hold comes after 8 consecutive increases in just over a year. This wasn’t surprising to many economists after the previous policy meeting and recent statements lending to staying steady. 

This is great news for buyers as we head into the official Spring Market, just around the corner! As inflation begins to ease, it is the hope that rates will stabilize. This creates a confidence and an eagerness to finally buy after a time of waiting and watching the market. As a seller, knowing this helps ease the trepidation to list, with the knowledge that the buyers are definitely out there!

If you have any questions about how the interest rates affect you, reach out to us!

Posted by Tanya Rocca on
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