Today, the Bank of Canada dropped the overnight lending rate by 50 basis points to 3.75%, marking the fourth consecutive cut to rates in 2024, and the largest decrease since the onset of the pandemic in March 2020.
For many homebuyers, this may be the signal needed to move off of the sidelines and into the market. As lower interest rates boost consumer confidence and borrowing power, home prices are expected to rise as more buyers reignite their purchase plans.
Want to know more about how the Bank of Canada announcement will impact the market? Read more in the latest post on the RLP blog:
blog.royallepage.ca/bank-of-canada-update-october-2024/
Stay tuned for the next announcement on December 11.
#RoyalLePage #RLP #Canada #InterestRates #BankofCanada #Mortgage #HousingMarket
Comment on Facebook Today, the Bank of ...
Lord reduce it another 50 more🤣
456 Jarvis St
Half acre lot , steps to Springbank Park
Sprawling bungalow
3+1 bedrooms 🛌 (2 ensuites)
3+1 bathrooms 🚽
1+1 offices
Large principle rooms
2 car garage 🚗 🚙
Lots of storage
$925,000
Call Me Tracy B
With the heavy tax burden Canadians phase today this could be a viable solution for future generations.
Keeping the cottage in the family: How life insurance can mitigate capital gains taxation
realestatemagazine.ca
Learn how life insurance can protect your clients from hefty capital gains taxes, plus strategies to mitigate the tax burden on heirsStaged vs not staged?
Comment on Facebook 186097208510624_1073419221459292
t’s unfortunate when beautifully staged elements are added, but the overall condition of the space doesn’t reflect that same level of care. It can become quite apparent when the staging doesn’t match the reality of the property.
Do you really need to ask? lol Staged of course! I see the difference it makes, every single day. 🙂
Looks so much bigger staged!
Definitely Staged
staged 🙂
Staged Too many ppl cannot imagine
Staged!
Staged!
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I strive to provide the best in customer service and as a current resident of London, I know the landscape well.
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