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Market Update October: Bank of Canada Cuts Rates by 0.5%
Manage episode 447382922 series 2794891
The Bank of Canada has reduced its key interest rate by 50 basis points to 3.75 percent, marking the first cut of this size since the COVID-19 pandemic. This rate cut was prompted by the latest Canadian inflation report, showing the Consumer Price Index (CPI) dropped to a year-over-year rate of 1.6%, below the Bank of Canada’s 2% target range.
James and Denny discuss their insights on Vancouver's real estate market and the impact of the recent rate cut on home prices.
This episode will focus on the recent BoC rate cute and the effects on real estate, the bizarre state of the current market, how close are we to the bottom? Sellers holding firm, inventory piling up, some optimism about the future, current variable vs fixed mortgage rates and future predictions.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
Email us at garbuttdumaspodcast@gmail.com
James Garbutt james@gdrealestate.ca Instagram: /jamesgarbutt Facebook: /jamesgarbutt
Denny Dumas denny@gdrealestate.ca Instagram: /denny.dumas Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate Instagram: /gdrealestateteam Facebook: /gdrealestateteam Website: garbuttdumas.ca
100 tập
Manage episode 447382922 series 2794891
The Bank of Canada has reduced its key interest rate by 50 basis points to 3.75 percent, marking the first cut of this size since the COVID-19 pandemic. This rate cut was prompted by the latest Canadian inflation report, showing the Consumer Price Index (CPI) dropped to a year-over-year rate of 1.6%, below the Bank of Canada’s 2% target range.
James and Denny discuss their insights on Vancouver's real estate market and the impact of the recent rate cut on home prices.
This episode will focus on the recent BoC rate cute and the effects on real estate, the bizarre state of the current market, how close are we to the bottom? Sellers holding firm, inventory piling up, some optimism about the future, current variable vs fixed mortgage rates and future predictions.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
Email us at garbuttdumaspodcast@gmail.com
James Garbutt james@gdrealestate.ca Instagram: /jamesgarbutt Facebook: /jamesgarbutt
Denny Dumas denny@gdrealestate.ca Instagram: /denny.dumas Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate Instagram: /gdrealestateteam Facebook: /gdrealestateteam Website: garbuttdumas.ca
100 tập
همه قسمت ها
×1 Exploring the Hottest Neighborhoods in the Lower Mainland 38:52
1 Vancouver's Hottest Rental Market: Are Prices Finally Cooling Down? 19:16
1 Market Update October: Bank of Canada Cuts Rates by 0.5% 28:53
1 Real Estate Realities: Handling Tough News 14:56
1 Politics and Property: Bill 44 in the BC Election 16:49
1 CMHC Announces Mortgage Changes to Boost Homeownership for Canadians 21:47
1 Market Update September: Insights into the Current Buyer-Seller Disconnect 36:18
1 Decoding BC's New Zoning Changes: What They Mean for You 13:41
1 Market Shift: Analyzing the Impact of the Bank of Canada's Rate Cut on Real Estate 25:57
1 Unlocking Urban Growth: Small-Scale Multi-Unit Housing and Zoning Bylaw Changes in Vancouver 22:16
1 Market Update June: Sales Down, Inventory Up! 18:21
1 Unlocking Opportunities: How Canada's Rate Cut Impacts Real Estate 21:02
1 Exploring Real Estate Foreclosures: Are They Worth Looking Into? 10:57
1 Market Update April: A Subdued Spring Season 27:21
1 Bank of Canada Updates and Federal Budget Highlights 20:03
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