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Rate Cut: How the July 24th Announcement Impacts Real Estate

On July 24th, 2024, the Bank of Canada announced another welcome interest rate cut of 25 basis points, reducing its target for the overnight rate to 4 ½%, with the Bank rate at 4.75%. As the President and Managing Broker of Fifth Avenue Real Estate Marketing Ltd., Jamie Squires shares her insights on how this […]

Lowering Rates: A New Chapter for the 2024 Real Estate Market

On June 5th, 2024, the Bank of Canada announced a surprising but welcome interest rate cut of 25 basis points, reducing its target for the overnight rate to 4 ¾, with the Bank rate at 5%. As the President and Managing Broker of Fifth Avenue Real Estate Marketing Ltd., Jamie Squires shares her insights on […]