February 2023 Real Estate Update

Fewer sales in February due to limited supply, however home prices have remained stable over the past several months. Read more in the link that follows and please reach out if you would like to discuss the local real estate market. read more...

Bank of Canada Interest Rate Announcement March 2023

The Bank of Canada decided to hold its key interest rate steady Wednesday but made clear it’s still prepared to raise rates further depending on how inflation and the economy progress. The central bank’s policy rate remains at 4.5 per cent as of Wednesday March 8th. The hold comes after eight consecutive increases saw the key rate rise by 425 basis points since March 2 of last year. The central bank undertook one of the fastest rate tightening cycles in its history in hopes of tamping down rampant inflation. The Bank of Canada’s next interest rate decision comes on April 12. read more...