Bank of Canada holds key Interest Rate at 5%

(March 06, 2024)

REAL ESTATE NEWS

Wednesday, March 6, 2024 

The Bank of Canada holds key interest rate at 5% for fifth straight decision  

The annual rate of inflation dropped half a percentage point in January to finish at 2.9%, but is still trending above 3% annually due to persistently high shelter inflation as well as food, health and personal care. 

The consensus from the Bank of Canada is that it's "too early" t... read more.

Just Listed- 2471 sqft, 3 Bed/ 3 Bath Home in quiet Cloverdale neighbourhood ! 

(March 05, 2024)

5835 189A Street, Cloverdale     $1,499,500  

MLS R285540

     

Location Location ! A beautiful home in a quiet family orientated neighbourhood. Exclusive Rosewood Park is only minutes to Sunrise Ridge, Latimer Road, Martha Currie Elementary School & Lord Tweedsmuir High School. This Classic 2 storey home features 2471 sq.ft. 3 Bedrooms, a games room, a Den/office and a Formal living and dining room. The spac... read more.

Inflation Fell in January but when will we see Interest Rate cuts?

(February 21, 2024)

REAL ESTATE NEWS

Wednesday, February 20, 2024 


Inflation fell in January but when will we see Interest rates cut? 

The annual rate of inflation dropped half a percentage point in January to finish at 2.9%, due mostly to a decline in gas prices, some grocery costs and airfares.

"It was good news for consumers, for businesses and for the Bank of Canada," said Tu Nguyen, economist with RSM Canada. "I thin... read more.

Just Listed- Top Floor 2 Bed/ 1 Bath Corner Unit in Southwynde Court !

(February 07, 2024)

#315- 5224 204 Street, Langley    $499,900   

MLS R2846711

  
  

Best location in Southwynde Court, east facing backing onto greenspace. Top floor, private corner unit. Vacant and ready for your decorating ideas, this unit offers functional and spacious living with 2 Bedroom, full Bathroom and BONUS: 7’x 5’ Storage room inside the home, could be Den/workspace. Quiet location, large covered balcony looks o... read more.

Bank of Canada holds key Interest Rate at 5%

(January 24, 2024)

January 24, 2024 

Bank of Canada holds the key interest rate at 5% for the 4th straight decision. While it is not expected the Bank of Canada will raise interest rates further, they are not counting it out at this time. Economists, however, predict a potential rate cut in June 2024.

  "The minute we start to see mortgage rates come down, you already start to see an influx of demand coming back in the h... read more.