The Bank of Canada’s recent decision to keep its overnight rate at 5% has significant implications for homeowners, homebuyers, and home sellers, as well as the broader real estate market. Let’s explore how this decision impacts various stakeholders in the real estate landscape.
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BCREA Economics – Bank of Canada Interest Rate Announcement – October 26, 2022
The Bank of Canada raised its overnight policy rate by 50 basis points, bringing it to 3.75 per cent, its highest level since 2008. In the statement accompanying the decision, the Bank noted that the Canadian economy continues to operate in excess demand and tight labour markets and as a result inflation remains elevated.
Continue reading →Stilhavn Real Estate Services | We Have Moved
We couldn’t be more excited or more proud to align ourselves with this remarkable brokerage and our esteemed colleagues. Why? Because Stilhavn agents sell 11.9 x more listings than the average Real Estate Board of Great Vancouver agent and at a speed of 44% faster.
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