Bank of Canada Pauses Interest Rate Hikes: A Deeper Dive into What It Means
Posted on Jan 26, 2024
The Bank of Canada recently made a significant move, or rather, chose not to make one. In a departure from its usual pattern of rate hikes, the Bank has decided to keep its overnight rate steady at 5%. This decision signals a marked shift in the Bank's approach towards managing inflation, which has been a hot topic for both policymakers and the pub...
Lower Mortgage Rates to Energize Spring Housing Market
Posted on Jan 04, 2024
As we look forward to the spring of 2024, there's good news on the horizon for the British Columbia housing market. After a period of slowing home-buying activity towards the end of 2023, it appears that the market is poised for a significant boost, thanks to anticipated changes in mortgage rates.
The Current Scenario
Towards the end of 2023, the rea...
