Inflation seems to be on the rise, and if it is, interest rates will begin to go up too!
Globe and Mail - Mar. 03, 2010 - Inflation set to rise faster than expected - http://www.theglobeandmail.com/report-on-business/inflation-set-to-rise-faster-than-expected/article1487729/
If inflation continues to edge up, the interest rates will follow which will have a slowing effect on our hot real estate market, thereby turning it back into a buyer's market.
Buying or Selling, through an agent or by yourself (http://www.propertyshop.ca/), my office can assist you with your real estate transactions as well as your Wills & Estate and Corporate needs!
Thursday, March 4, 2010
Tuesday, March 2, 2010
...and the Real Estate Market Will Stay Strong
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 0.25%. The Bank Rate is unchanged at 0.5% and the deposit rate is 0.25%.
This means that mortagge rates will continue to stay low which means its a great time to buy or refinance your property!
The next scheduled date for announcing the overnight rate target is 20 April 2010.
Buying or Selling, through an agent or by yourself (http://www.propertyshop.ca/), my office can assist you with your real estate transactions as well as your Wills & Estate and Corporate needs!
This means that mortagge rates will continue to stay low which means its a great time to buy or refinance your property!
The next scheduled date for announcing the overnight rate target is 20 April 2010.
Buying or Selling, through an agent or by yourself (http://www.propertyshop.ca/), my office can assist you with your real estate transactions as well as your Wills & Estate and Corporate needs!
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