If you are looking to buy a home this year, stop what you are doing and watch. Now is a good time to jump into the market before demand takes off again and it’s Too Late! Pilon Real Estate Group Featured Listings: Click here! We Keep You Covered When You Buy a Home With […]
written by Sean Rankin The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hikes. From March to December, the Bank of Canada raised its policy rate by a whopping 4.0%, causing some stress for Canadian homeowners, […]
Don’t let rising interest rates scare you. Think of it as an opportunity. “Interest rates have come up but that has caused buyer demand to come down drastically. This means that when you find a home that you love, you have more negotiating power and you can include conditions to protect you.” Pilon Real […]
Bank of Canada’s Overnight Rate On September 8, the Bank of Canada maintained its target for the overnight benchmark rate at 0.25% The Bank of Canada announced that it will continue to hold its key interest rate target at 0.25%, unchanged since March 2020 when a trio of rate cuts were implemented to boost the economy in light […]
