The Bank of Canada has recently announced a 25 basis points increase in the overnight rate, bringing it to 4.75%. This marks the first rate hike since January. The decision to raise rates was driven by several factors, including a strong and robust economic growth, rising inflation, and a thriving housing market. Aspiring home buyers and sellers will likely experience the impact of this hike on various aspects of their future endeavors. Follow me for the latest updates on The Canadian Real Estate Kamal Pillai Sales Representative š+1 (647) 673 3516 š§ [email protected] Download The Canadian Home App now for home listings! š± https://ln.thecanadianhome.com/kamalpillai #RealEstate #HomePrices #CanadaRealEstate #HousingMarket #PropertyMarket #HomeBuying #NewHome #PolicyRate #BankofCanada #Apartments #RealEstateAgent #Realtor #HouseHunting #InvestmentProperty #Interestrate #RealEstateMarket
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