⚠️June 5⚠️BoC Decision: Why Experts Think Rates Won’t Change!

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Welcome to another episode of Patrick and BJ Talk Real Estate! In this episode, we dive into the Financial Post's prediction regarding the Bank of Canada's upcoming interest rate announcement on June 5, 2024. Canadians have been anticipating a rate drop since October 2023, but will it finally happen this June? Or will the Bank of Canada decide to hold the interest rates steady?
We explore the potential impacts of both scenarios on Canada's real estate market and the broader economy. How will these decisions affect home buyers, sellers, and the housing market dynamics?
Join us as we break down the nuances of this critical financial decision and provide insights into what it means for you.
If you're looking to buy or sell real estate in the Greater Victoria Area or anywhere on Southern Vancouver Island, we're here to help. Not in our market area? No problem! We can connect you with a trusted real estate professional in your area.
Don't forget to like, comment, and subscribe for more real estate insights and updates. Stay informed and make the best decisions for your real estate needs!
Patrick Novotny, Realtor, exp Realty
📱 Call or Text: 250-858-0288
📨 Email: pn.wesellvictoria@gmail.com
BJ Brahmacharie, Realtor, The Agency
📱Call/Text 250-415-8667
📨 Email: bj@victoriahomesell.com
#InterestRates2024 #RealEstatePredictions #MortgageExpert #EconomicAnalysis #mortgagerenewal #realestatenews #realestateanalysis
#RealEstateInvestment #bchousing #canadianhousingmarket #housingmarketcrash #condomarket #HousingMarketChanges
#CanadianHousingMarket #RealEstateTrends #HousingMarketCrash #Investing #RealEstateAnalysis #bnnbloomberg #ctv #ctvnews #cbcnews #cbc

Опубликовано:

4 окт 2024

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Комментарии : 13

@Mama-bb5lf 4 месяца назад

Anyone who lives in the real world knows that the economy is tanking.

@jessefaw 4 месяца назад

Wage inflation, service inflation, shelter inflation, among other measures is still too high. In fact, shelter inflation is higher now than it was a year ago. They cannot cut with that, without costly effects that is ...

@gcc8584 4 месяца назад

If the market can tolerate historically normal interest rates, why would Tiff drop rates? Central bankers need ammo for the next crisis. Only reason to drop rates is if the next crisis is on our dirt step IMO.

@gcc8584 4 месяца назад

Door step lol.

@jupitereye4322 4 месяца назад

War. If some major escalation happens in Europe, Asia, and the Middle East, money is needed to finance, and the military/government can't finance those with high interest rates. So they will amp up interest rates before massive financing is needed, which is now. Then when money printing starts it will be used to finance wars but at the same time economy will be supported with lower interest rates. I think at this point in time it is safe to conclude war escalation will happen in the following years.

@gcc8584 4 месяца назад

Ok but not on Wednesday.

@xsword0001 4 месяца назад

This year is not going to cut rate. People need to wake up. Canal's Federal Detit today is $1,220,029,544.571 39 and GROWTH OF DEBT PER DAY $109.863.013.70.

@ivobiancucci4528 4 месяца назад

Homes will be more affordable if we had less people coming here

@MR007-r3f 4 месяца назад

No amount of supply can satisfy the market demand when the system favors the overleveraged HELOC borrowers and BRRRRR investors. The come-to-Jesus moment for overleveraged people will be their mortgage renewal dates in 2025 and 2026. I will let them meet the lender first and then I will buy. BOC policies have reduced the number of first-time buyers and I think the only way for them to regain affordability is to keep rates high for a long time. The market is still asking for pandemic era price and sellers will not realize until they go for renewal.