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Bank of Canada Announcement (March 2022)

Penticton Mortgage Rates Update – March 2022

Penticton Mortgage Rates Update March 2022

Remember in our most recent Penticton real estate news update, when we encouraged buyers to act quickly before market forces increased the cost of buying a home? We named high demand for BC Southern Interior properties and a subsequently tightening inventory as key drivers of more costly mortgages. The other? The Bank and Canada’s overnight rate. We predicted that the Bank would raise the borrowing rate in 2022, and that prediction came true on March 2 when they made their scheduled announcement. The rate moved from .25% to .5%. But before you come into our Main Street office to smash our crystal ball, we want you to pause for just a second to put the news in perspective. Please keep reading.

What Buyers Really Need to Know About the March 2022 Bank of Canada Increase in the Prime Interest Rate

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Bank of Canada Announcement (Midsummer 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

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Bank of Canada Announcement (Early Summer 2021)

Penticton Mortgage Rates Update – June 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!

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

Read More »Bank of Canada Announcement (Early Summer 2021)