Around the world, interest rate decline expected to begin
Posted on Mar 22, 2024
News item: “The world's biggest central banks are on the starting line of reversing a record string of interest rate hikes …”
If you are a regular reader of this website, News From Nexus or any other credible source of information about interest rates, then you know that the way they rise and fall is not unique to Canada. Typically, what happens in...
Interest rate unchanged by Bank of Canada
Posted on Mar 06, 2024
As was widely predicted, once again the Bank of Canada stayed the course with its overnight interest rate of five per cent. It has been five per cent since last July and, while the Bank is expected to begin lowering rates this year...not yet.
The announcement was accompanied by this explanation:
"Governing Council decided to hold the policy rate at 5...
Buyers galore according to online study
Posted on Feb 25, 2024
While polls and surveys always have to be taken with a grain of salt, one headline jumped out from a poll done in January, entitled: 2024 Canadian Home Buyer report.
This was the line (okay, paragraph) that will stop anybody who reads it:
“Only 11 per cent of Canadians say they expect to buy a home within the next 12 months. That’s still a colossall...
Message for home owners thinking about listing
Posted on Feb 15, 2024
Admittedly, it’s early in the governments’ proposals and incentives — both provincially and federally — to improve the shortage of housing everywhere in the country. However, it’s off to a slow start, according to the latest seasonally adjusted statistics from the B.C. Real Estate Association.
In a just-released report for January, starts were down...
Interest rate to remain at five per cent
Posted on Jan 24, 2024
The Bank of Canada, as widely expected by financial experts, is holding the line on interest rates. The overnight rate will remain at five per cent, at least until the Bank's next scheduled announcement on March 6. In doing so, the Bank said that “global economic growth continues to slow, with inflation easing gradually across most economies.”
In Ca...
Buyers-to-be watching, awaiting 2024 stability
Posted on Jan 21, 2024
There are signs that 2024 is going to bring home buyers out of the woodwork in significant numbers…once they have a better handle on where home prices and interest rates are going to settle. In other words, stability in both categories could be the trigger for buyers.
That’s the headline coming from an online survey — called 2024 Homebuyer Intention...