{"id":56715,"date":"2023-11-10T11:20:00","date_gmt":"2023-11-10T19:20:00","guid":{"rendered":"https:\/\/www.garbuttdumas.ca\/?p=56715"},"modified":"2024-03-18T10:34:14","modified_gmt":"2024-03-18T17:34:14","slug":"rate-hold-for-vancouver-real-estate","status":"publish","type":"post","link":"https:\/\/www.garbuttdumas.ca\/2023\/11\/10\/rate-hold-for-vancouver-real-estate\/","title":{"rendered":"Bank of Canada Rate Hold: What Does this Mean for the Vancouver Real Estate Market"},"content":{"rendered":"\n<p>The Bank of Canada&#8217;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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>This episode will focus on the Bank of Canada&#8217;s current rate hold, the second rate hold in a row, transactions way down, how the rate announcement affects people&#8217;s decision-making, mortgage renewals coming up, the increasing costs of construction, people feeling the pressure, and predictions for the future.&nbsp; &nbsp; &nbsp;<\/p>\n\n\n\n<p>Watch and listen to the <a href=\"https:\/\/www.garbuttdumas.ca\/blog\/\"><strong>Garbutt+Dumas Real Estate Podcast<\/strong><\/a> below and follow us on <a href=\"https:\/\/open.spotify.com\/show\/7JFln4tbyDwsQBjsnQitDf?si=HsSWGKYZQNqK93N6E6VbyQ\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>Spotify<\/strong><\/a>, <a href=\"https:\/\/podcasts.apple.com\/ca\/podcast\/the-garbutt-dumas-real-estate-podcast-introduction\/id1498346075?i=1000465039581\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>iTunes<\/strong><\/a> &amp; <a href=\"https:\/\/www.youtube.com\/channel\/UCHK2L-KswYO93195yndFAmA?view_as=subscriber\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>YouTube<\/strong><\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Bank of Canada Rate Hold: What Does this Mean for the Vancouver Real Estate Market\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/_UEVAwKgcXU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: Bank of Canada Rate Hold: What Does this Mean for the Vancouver Real Estate Market\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" 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