Bank of Canada Announcement

Bank of Canada Announcement (July 2022)

July 14, 2022July 14, 2022

Penticton Mortgage Rates Update – July 2022

Penticton Mortgage Rates Update - April 2022

In our early July Penticton real estate news update we let readers know that the Bank of Canada would make their latest announcement regarding the benchmark interest rate this week. They did so yesterday (July 13) and it was a relatively big one. But as usual, we’re here to filter mainstream media’s take on the matter so that prospective home buyers understand how the announcement may (or may not) impact their decision to get a mortgage this season. Let’s review.

What Buyers Really Need to Know About the July 2022 Bank of Canada Policy Rate Hike

July 15, 2021July 15, 2021

Penticton Mortgage Rates Update – July 2021

The Bank of Canada (BoC) made their first official announcement of the season, and it’s a midsummer dream for buyers. If you are unfamiliar with the BoC’s press releases and the impact that they generally have on mortgage rates and the real estate market, we encourage you to gain some insight from our past articles (light reading!) on their announcements from June and May of 2021. Today, for the sake of our buyers out there (who just want to get to the beach) we’ll keep it succinct. But allow us some foreshadowing – it’s great news for you!

What BC Southern Interior Buyers Need to Know About the Midsummer 2021 Bank of Canada Announcement Regarding Borrowing Rates

June 14, 2021June 14, 2021

Penticton Mortgage Rates Update – June 2021

The spring season is winding down. This not only coincides with summer vacation planning, but with the Bank of Canada’s latest announcement on economic affairs and their impact on borrowing rates. This is of significant interest to those who anticipate buying a home in the summer months. Should you move forward with your plans or hold-off in light of recent news? Let’s find out!

Bank of Canada Announcement