Interest Relief Is On The Horizon

With a lot of pent-up desire to buy, we may soon see incentive for sellers to start preparing for a spring rebound in the local housing market.  The most recent announcement from the Bank of Canada was lacking the previously used line that it “remains prepared to raise the policy rate further if needed”, hinting that we may be seeing some relief at the March 6th announcement.

What does this mean for Canadians?  It means the clock could be ticking on your opportunity to snag a deal with a spring closing, and be able to take advantage of slightly lower interest rates before housing prices begin to climb again.  In short, deals are ripe for the picking!

Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play