The Bank of Canada’s decision to maintain its policy rate at a 22-year high of five percent has offered some respite to mortgage owners while increasing financial strain for other indebted Canadians grappling with higher borrowing costs.
James and Denny share what they are seeing in the real estate world and how the rate hold is affecting people and their decisions to buy or sell.
This episode will focus on the Bank of Canada’s current rate hold, the second rate hold in a row, transactions way down, how the rate announcement affects people’s decision-making, mortgage renewals coming up, the increasing costs of construction, people feeling the pressure, and predictions for the future.
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