With the Bank of Canada trimming the overnight lending rate for the third time this year, the timing couldn’t be more opportune for homebuyers poised to re-enter the market. With fall marking a surge in housing activity in some markets, and borrowing costs potentially lowering, Canadians who have been on the fence may be feeling more optimistic. Will reduced rates spark renewed interest among buyers and those who’ve been holding out for more favorable conditions? Who knows… maybe this rate cut could be the catalyst many have been waiting for.
Read Royal LePage’s Insights Here
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Read the full Bank of Canada Report Here
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