Posts Tagged ‘Housing Market’
Bank of Canada Raises Overnight Rate as Economy Gains Momentum
The Bank of Canada (BoC) recently increased the overnight rate to 4.75%, signaling a shift after a temporary pause. This decision, influenced by a strong housing market, aims to balance supply and demand and maintain sustainable inflation. Howe...
BC Home Sales Forecast: Navigating Market Shifts
British Columbia's housing market dynamics are set to experience a significant decline. The BC Real Estate Association predicts a 34.4% drop in home sales this year, following a record-setting 2021. They anticipate another 11.4% dip...