Interest Rates

Bank of Canada’s Decision and Real Estate: What You Need to Know

Real estate / By

Introduction: Bank of Canada’s Decision and Real Estate The Bank of Canada’s decision to keep the overnight rate stable in September 2023 has sent ripples throughout the economy, including the real estate market. Let’s explore the reasons behind this unexpected move and what it could mean for buyers and sellers. Economics Behind Bank of Canada’s […]

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Impact of Bank of Canada’s June 2023 Interest Rate Hike on the Real Estate Market

Brantford, Buyers, Cambridge, Guelph, KW, Sellers, Uncategorized, Waterloo Region, Wellington / By

The June 2023 Bank of Canada rate hike is making waves in the real estate market. Understanding its impact can help investors make informed decisions. Interest rates and the real estate market share a complex bond. When interest rates rise, mortgage costs increase, potentially dampening property demand. Conversely, when interest rates fall, borrowing becomes less

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