More great news for real estate as the Bank of Canada key interest rate drops another 25 basis points. Three consecutive cuts of 25 basis points each in 2024! With this most recent interest rate cut, now is a prime opportunity to sell, buy, or invest in real estate in the Niagara region. Lower rates make it easier for buyers to finance their dream homes, while sellers can attract more interest from motivated buyers. Whether you're looking to move, invest, or find your perfect home, this is an ideal moment to take advantage of the market. Find out how this impacts your…
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BANK OF CANADA’S NEW KEY INTEREST RATE
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The Downside of Trying to Time the Market
Should you buy a home now or should you wait? That’s a big question on many people’s minds today. What timing is right for you may depend on a lot of personal factors but, here’s something you may not have considered: If you’re able to buy at today’s rates and prices, it may be better to focus on time IN the market, rather than timing the market. The Downside of Trying to Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts agree that’s still…
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