What the Bank of Canada’s Rate Cut Means for the Vancouver Island Real Estate Market
On June 5, 2024, the Bank of Canada announced a .25 basis point reduction in its benchmark interest rate, bringing it down to 4.75 per cent. This is the first rate cut in over four years and presents a significant opportunity for homebuyers and investors in the Vancouver Island real estate market. The rate cut […]
Bank of Canada Holds Policy Rate Steady at 5%
In its latest financial update, the Bank of Canada maintains the policy rate at 5%, reflecting ongoing efforts to stabilize the economy amid fluctuating inflation rates and shifting employment figures. This decision impacts homeowners and potential buyers, as it influences mortgage rates and the housing market. Learn more about what this means for your financial planning and real estate investments.
