The Bank of Canada made a significant announcement regarding its interest rates. In this blog post, we will delve into the implications of today's interest rate announcement in Canada, exploring its potential impact on various aspects of the economy and the lives of Canadians.
The Decision
The Bank of Canada decided to maintain the current rate of 5%, signalling a change from recent increases and giving buyers and homeowners some relief. 
Key Takeaways
1. The decision to keep the interest rates unchanged is a reflection of the Bank's cautious approach to economic management. It suggests that Canada's economic recovery is steady, but uncertainties remain.
2. Inflation has been a hot topic in recent months. The Bank of Canada closely monitors inflation trends and adjusts interest rates accordingly. With this decision, they may be expressing confidence that inflation is under control, or they may be taking a wait-and-see approach before making any moves.
3. The real estate mark ...

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One of the questions most home wonders ask when it's time to sell is “should I buy or sell first” and the simple answer is, it depends.  There are risks and rewards for either strategy, and it depends on several important factors.  Here are some things to think about before you decide.

How is the Durham Real Estate Market?

Is it a buyers or sellers market, or maybe it's balanced.  Often in a hot sellers market people will buy a home first so they know where they will be moving to.  But if the market turns and you can’t sell your home before you close on your new house you will need to bridge finance and will have to own, and pay the mortgage, on 2 homes for a short period of time.

What are you selling?

Is your Durham home a hot commodity? Even in a hot market, not all homes are hot.  Maybe you own a condo, but freehold is in high demand, or you own a small condo downtown and that market is slow. 

Days On Market

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Whether you stumbled upon our platform or sought it out intentionally, we assure you that you are in the right place. Our blog is designed to be a haven of Real Estate knowledge from around the GTA.

What to Expect
You'll discover a wide array of thought-provoking articles, practical advice, and valuable insights. We cover an array of subjects, including buying tips, selling advice, market updates and more. Our team of GTA Real Estate experts are committed to delivering high-quality content to keep you up to date. 
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We collaborate with many different people around the GTA from different fields in the Real Estate field, from lawyers, mortgage brokers and home inspectors, who will add fresh thoughts to our Blog and contribute valuable insights to help you buy, sell or invest in Durham real estate.  We also encourage you to comment on our posts, share them with your sphere or suggest new ...