Apr 14, 2023
The Bank of Canada announced another rate pause and held its policy rate at 4.5% and the prime rate at 6.70%. Since the last hold, the Vancouver real estate market has seen an uptick in activity with buyers hoping the BoC is done with rate increases.
James and Denny share what they are seeing in today's current market...
Mar 17, 2023
For the first time in a year, the Bank of Canada did not raise interest rates and maintained its policy rate at 4.5%.
Denny and Monica share what they are seeing in Vancouver's real estate market as a result of the interest rate pause and what they think will happen over the next couple of months.
This episode will...
Dec 8, 2022
The Bank of Canada increased the policy interest rate by 50 bases points today, in its 7th hike in a row. The current overnight lending rate sits at 4.25% and the prime rate is 6.45%.
James and Monica go over what this increase means for the real estate market and what the rate change means for their day-to-day.
This...
Oct 27, 2022
The Bank of Canada raised interest rates for the sixth time in a row today bringing the Overnight Rate to 3.75% and major banks followed bringing the Prime Rate to 5.95%
James and Denny talk about what these rate hikes have done to Vancouver real estate and compare the current situation to the housing market crash in...
Sep 22, 2022
On September 7, the Bank of Canada announced a 0.75% interest rate increase in a continued effort to fight inflation.
Denny and Monica discuss what this will mean for homeowners and how it will affect the real estate market.
This episode will cover the likelihood of future interest rate increases, the importance of...