Bank of Canada interest rate announcement

Posted by Geordie Morison on Thursday, January 25th, 2024  12:16pm.


As I'm sure most of you have heard, the Bank of Canada decided to hold its benchmark interest rate steady at 5% yesterday. This marks the 4th interest rate hike in a row, and suggests that cuts may be on the horizon. 

For any questions, or if you'd like to discuss how this might affect your real estate decisions, please do not hesitate to reach out to us!