Bank of Canada's Decision...

September 6, 2023

Bank of Canada Holds Overnight Rate at 5%


ο»ΏYour weekly update on what is going on in the real estate market. From localized announcements to international trends, stay in the know about what is going on all things real estate. 


Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

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What Do Canadian Real Estate Markets Look Like Heading Into Fall?

The saying when it comes to the temperature across Canada is “if you don’t like the weather, just wait five minutes.” It’s an old cliché, but one that accurately represents some of our largest cities where things can move from pouring rain to bright sunshine almost in the blink of an eye. It’s also true of the real estate market across the country, where it often feels like things can change just as quickly.

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Economists estimate up to one million non-permanent residents missing from official stats

As Canada grapples with a housing shortage, an underlying factor seems to have gone unnoticed: the true count of non-permanent residents (NPRs) residing in the country. 

 

The official numbers, widely quoted and relied upon for policy planning, are underestimating the NPR population by nearly one million individuals.

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Need a break from real estate news? See why people love living here! Check out some upcoming events and activities happening in the Bay of Quinte & Prince Edward County areas!

Doors Open Belleville

Doors Open Belleville is back! This year, there will be several new sites — including a few from neighbouring Prince Edward County — along with familiar sites from the past.

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Base 31 Presents Hawksley Workman

Hawksley Workman is a Canadian rock singer-songwriter who has garnered critical acclaim for his blend of cabaret pop and glam rock.

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September 6th 2023 - BoC Rate Announcement

In this week's YouTube video, I discuss the Bank of Canada's recent decision to maintain the overnight policy rate at 5%, as announced today, pausing any interest rate adjustments.

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