Bank of Canada Shocks With 100 bps Rate Hike
A Super-Sized Rate Hike, Signaling More To Come
At 2.5%,
the policy rate is at the midpoint of its ‘neutral’ range. This is the level at which monetary
policy is deemed to be neither expansionary nor restrictive. Governor Macklem said he expects the Bank
to hike the target to 3% or slightly higher.
Canadian Home Prices Fall Sharply
House Price Decline Accelerated in June
With the
latest move by the Bank of Canada, more potential buyers will believe that home prices are likely to fall,
taking the FOMO factor out of the housing market. This removes the critical ingredient that drove prices
up rapidly since the pandemic began.
TRREB Forecasts Current Market Conditions to Remain over Summer
Higher borrowing
costs continued to impact home sales in June 2022. Sales totalled 6,474 - down by 41 per cent compared
to last year’s strong result. The number of transactions was also down compared to May 2022, but
this is often the case due to the seasonal nature of the market.
Indranil has been instrumental throughout the entire process of identifying and securing a property
at the time when properties were getting sold out within a day. He has been proactive in visiting the
properties and providing virtual walkthroughs so that we do not miss out on any detail.
He is personable,
hardworking and responsive to his clients needs and questions. Indranil is knowledgeable and knows the
current Real Estate market conditions and has assisted us in making informed and sound decisions. His
level of service and commitment is unparalleled and we highly recommend him to anyone in the Real Estate
market.
CURRENT PRECON PROJECTS!!
Empire Calderwood,
Niagara Falls
Detached & Townhomes
Near Brock Uni
From the high $700's
Occupancy: June/July 2023
Empire -
Wyndfield, Brantford
Freehold Detached and Townhomes
From the high $700's
Occupancy: Late 2023
Maya Urban
Towns, Brampton
Brampton Walk Up & Stacked Towns
At Bramalea & Mayfield Rd
From the high $800's
Occupancy: 2024
Call me for more details
(647) 404-9471
Investment
Opportunities
Are you looking to invest in bank owned, estate properties, fixer uppers, cash flow properties, and
power of sale properties?
