We saw a substantial swing in the real estate market in 2022. What Happened? 2022 started off the way 2021 ended, with a very hot market, quickly rising prices and fierce competition between buyers bidding on very limited inventory. That quickly changed as the Bank Of Canada started increasing interest […]
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With recent interest rate hikes, including another 0.5% increase June 1st, we’re starting to see the housing market slow. Sellers Multiple offers are still common, but only on well prices, desirable properties. Over priced and less desirable properties are sitting on the market. Many sellers are resorting to price reductions […]
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On April 13th, for the second time this year, the bank of Canada raised interest rates. Typically rates change in 0.25% increments, but the April 13th increase was a 0.5% jump. This brings the base rate to 1%, which is the highest it’s been since the beginning of the pandemic. […]
Read moreOn March 2nd 2022 the bank of Canada increased interest rates by 0.25%. This is the first interest rate hike since before covid. The Bank of Canada has suggested that interest rates will be raised several times this year, but I don’t suspect we’re going to see drastic increases. What […]
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