Varsha Rajan - Realtor

Bank of Canada reduces Policy rates by 50 basis points to 3.75%

Bank of Canada reduces policy rate by 50 basis points to 3¾% The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

https://www.businessinsider.com/housing-market-home-supply-real-estate-mortgage-lock-in-redfin-2024-8

Looking to buy a home? Redfin's research lead says new housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling Redfin's economic research head, Chen Zhao, predicts mortgage rates will drop and housing supply will increase by 2025, providing relief for homebuyers.

https://vancouver.citynews.ca/2024/08/15/bc-detached-homes-sales-rising-remax/

B.C. detached home real estate market picking up: report If you were hoping to capitalize on a slowing BC real estate market. and purchase a detached home, reports suggest the market is heating up.

Reach out for more information 😀

https://arrivein.com/daily-life-in-canada/how-to-buy-your-first-home-in-canada/

How to Buy Your First Home in Canada | Arrive Get some pointers to help you decide if renting or buying may be ideal for you and learn about the process of buying a home in Canada.

https://dailyhive.com/vancouver/bank-of-canada-policy-interest-rate-forecast-2024?

Bank of Canada's policy interest rate could dip to 3.75% by late 2024: forecast | Urbanized By the end of 2024, the Bank of Canada's policy interest rate could be 1.25% lower than the recent peak rate of 5%.

Read more:

https://dailyhive.com/vancouver/bank-of-canada-policy-interest-rate-forecast-2024?