01/25/2023
The Bank of Canada announces another interest rate hike. Despite the circumstance, residential housing prices are still holding due to the high demand of buyers and low inventory.
Is it a good time to buy/sell or rent?
Best to decide what's best for your situation.
If you have any questions or in need of some advice, don't hesitate to reach out 😄🧐.
The Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent from 4.25 per cent. If projections hold steady, the central bank has signalled a pause at its current rate, while it assesses the full impact of its hikes on the economy.