June 2024

Interest Rate Drop Long Over Due

Posted on Jun 07, 2024

Upper Lonsdale homes more affordable

Press Release From BC Real Estate Association 

The Bank of Canada lowered its overnight lending rate this morning by 25 basis points from 5 per cent to 4.75 per cent. In the statement accompanying the decision, the Bank noted that first quarter real GDP growth was below forecast, and recent data suggests the economy in operating in excess supply. On...

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