07/25/2024
They Did It Again... and That's a Good Thing!
Everyone was looking for a relief on the interest rate front and it is becoming more tangible.
The following article from our market intelligence team at Zoocasa on the BoC's latest announcement is summarizing the justification, motivation and possible trend of future interest rate announcements.
Stay informed, reach out to shed some light on how it impacts your situation as a buyer or a seller and determine which approach is best for you.
Prices you currently see with listings are really "List Price" and you should just take them as that. Consumers and the media often refer to them as "Asking Price" however there are different strategies utilized to price a property depending on its condition, competition and seller's motivation.
This is a starting point for negotiation, it could go over as it could go below the posted price. A seasoned realtor will be able to guide you. Contact me to get clarity and answers to your questions;
text/call 705-817-6998 or email [email protected]
The Bank of Canada announced today it is lowering the overnight lending rate to 4.5%. Will this be enough to bring buyers back to the market?