Surrey REALTOR® Reacts to Bank Of Canada Rate Announcement | Jan 26, 2022

The Bank of Canada made a decision today (Jan 26, 2022) to hold its overnight lending rate at 0.25% after many thought today would result in the first increase since rates were slashed almost 2 years ago. This begs the…

Surrey REALTOR® Reacts to Bank Of Canada Rate Announcement | Jan 26, 2022

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The Bank of Canada made a decision today (Jan 26, 2022) to hold its overnight lending rate at 0.25% after many thought today would result in the first increase since rates were slashed almost 2 years ago.

This begs the question, what does this mean for the housing market in Canada?

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty, shares his opinion on the rate hold announcement and what this means for the housing market and record high home prices.

#BankOfCanada #InterestRates #CanadianHousingMarket

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