NEWS UPDATE
Today's Bank of Canada 50 base points drop came as no surprise.
The effect is causing some mixed reactions from industry experts:
Today’s 50 bp cut alone is unlikely to boost economic growth, writes writes TD senior economist James Orlando. More cuts should very much be expected, Orlando says. “...rates are still way too high given the state of the economy,” he writes.
An opposite reaction comes from Ratesdotca and real estate expert, Victor Tran:
“It’s likely that we will now see an uptick in pre-approvals as buyers prepare to move quickly once they sense the tide is turning,” RATESDOTCA mortgage and real estate expert Victor Tran stated. "We may see this psychological shift in the coming weeks . . . once the market begins to move, it’s likely to heat up quickly, pushing home prices higher. This may lead to an unseasonably busy winter season, and a busy spring season in 2025,” he added.
Keep updated with relevant, pertinent market and real estate information.
source: https://ca.yahoo.com/finance/news/live/bank-of-canada-expected-to-deliver-jumbo-interest-rate-cut-this-morning-110116965.html
Cambridge Celebration of the Arts takes place each year, for one evening in June. For more than 20 years, the event has showcased local artists and their visual, literary, and performing arts talent. The event has two performing stages in
... “This positive trend reflects a shift toward more balanced conditions within our housing market and a renewed confidence among buyers.”Moura commented, “The interest rate cuts are certainly beneficial for those with variable mor
Updated: October 23rd RIGHT-SIZING INFORMATION SESSION POSTPONEMENT Due to one of our hosts being under the weather, we will need to postpone this information session. Please check back or email us for the new date. admin@exitintegrity.ca Thank you f
Cambridge Celebration of the Arts takes place each year, for one evening in June. For more than 20 years, the event has showcased local artists and their visual, literary, and performing arts talent. The event has two performing stages in
... “This positive trend reflects a shift toward more balanced conditions within our housing market and a renewed confidence among buyers.”Moura commented, “The interest rate cuts are certainly beneficial for those with variable mor