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Interest Rate Announcement!

Tuesday, January 23, 2024   /   by Rob Mills

Interest Rate Announcement!

The news is in from the Bank of Canada!

Rates are to be unchanged this month and will continue at 5% for the overnight lending rate.  This is good news for buyers as homeowners as this is the 4th straight month rates have remained steady.

In even better news, indicators are, rates will drop in the not too distant future.  Whilst this will be welcome relief to honwowners, it may cause many buyers who have been waiting for a sign to decide to make a move soon before others take advantage of current market conditions.

Canadian_Interest_rates_chart_yourgtaproperties.com.png

  real estate, advice, buyer, market conditions

Your GTA Properties
Michael Bertolli And Rob Mills
101 Brock Street S. 3rd Floor
Whitby, ON L1N 3J9
416-319-4299

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 18, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 18, 2024
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