Bank of Canada announces that it has maintained, once again, their policy interest rate at 2.75%

🏦🇨🇦The Bank of Canada has kept its policy interest rate at 2.75%, for the third time in a row, offering stability in an uncertain economy. What does this mean for real estate?

For Buyers:

• Stable rates offer clarity and makes it easier to forecast long-term mortgage expenses.

• A steady rate environment gives buyers room to act strategically.

• Confidence rises when rates are steady, leading to quicker decision making.

For Sellers:

• Stable interest rates may boost buyer confidence and motivation.

•Capitalize on current buyer interest before the fall inventory rises.

• Stability often brings clarity which potentially can boost overall market movement.

🔗 Check the official Bank of Canada announcement here

Thinking of buying or selling? Let’s chat about how this impacts your plans.📞 Reach out today for expert advice.