The Bank of Canada lowered the overnight interest rate this week. Here’s our perspective:
Interest Rate
Price Trends
Market Shift?
In the past two weeks, we've been noticing a change in the market. It seems that Buyers are starting to become more active. We believe this is a result of the anticipated interest rate decrease we saw yesterday and that which analysts expect for later this year. Overall the market is still leaning in favour of Buyers, you can expect to have little competition when purchasing a property.
We hope you've found this information useful in keeping informed on the market. Thank you for your support and business!