News out of Ottawa this morning is that the Bank of Canada is allowing Canadians low interest rates until (at least) May 31st. Despite it’s mostly positive assessment of our Canadian economy, the overnight / policy rate is being held at 1%.
The bank’s next scheduled date for an interest rate announcement is May 31. Will the tightening start then?
The Star had this to say on the topic.
Marg Scheben-Edey is a Broker with RE/MAX four seasons realty limited, Brokerage in beautiful Collingwood, ON. With three decades of experience, Marg is a leader in the local real estate marketplace and is ready to help guide both Buyers and Sellers in achieving their real estate goals. Email Marg