Month: October 2024

Happy Halloween … a great time to visit Whistler!

Autumn & early Winter is such a beautiful, quiet time to visit Whistler and connect with locals. This upcoming week – connect with me for these free, fun Halloween treats!

We have a ‘social fabric’ community group that puts on so many events and volunteer opportunities and encourage future community members to reach out to find out how you can be engaged and supportive of our year-round Resort community. Whether visiting here part-time or living here full-time. Even our global visitors can attend many local community events that support our local economy and respect the circular economy we embrace.

If you are coming to Whistler for October 31 Halloween events = come by our Engel & Völkers – Whistler real estate shop for a discussion about our community and real estate trends and opportunity to find your future legacy home or rental investment property.

Did you know that Whistler / Pemberton are currently exempt from the Foreign Buyer Ban. Often, there is a great $CAD exchange rate. Also, I have great list of 360 Life Plan advisors!

PS: If you’re in Whistler on Sat. Nov. 9th = consider signing up for this life planning event

I received this update from my business network friend: Katherine Martin, Mortgage Specialist at Origin Mortgages: CLICK HERE = happy to introduce you to Katherine (or an extensive list of other Mortgage Planners & Financial Planners) for further assistance, while we work together to review your Whistler / BC real estate goals!

The Bank of Canada has slashed its benchmark rate by 50 basis points, announcing the oversized cut amid continuing signs of a sluggish economy and plunging inflation.

As concerns over inflation have subsided – out-of-control price growth, the catalyst for the central bank’s initial rate-hike campaign, is now back within the target range – the bank has focused on cutting to keep inflation stable and support economic growth, which has slowed under the pressure of high rates.

“We need to stick the landing,” Bank of Canada governor Tiff Macklem told a news conference Wednesday morning.

“With inflation back to two per cent, we want to see growth strengthen. Today’s interest rate decision should contribute to a pickup in demand.”

Macklem outlined the economic conditions that informed the bank’s rate cut decision. He noted that core inflation has continued to ease, as has shelter inflation, though he noted that housing prices are still elevated.

“Job layoffs have remained modest but business hiring has been weak, which has particularly affected young people and newcomers to Canada. Simply put, the number of workers has increased faster than the number of jobs,” he added.

Macklem noted during the conference that, should the economy continue to evolve in line with its forecast, the bank expects to reduce the policy rate further. But he cautioned that the timing and pace of cuts would depend on incoming economic data and its potential impact on the bank’s inflation outlook.

He repeated a now familiar refrain, saying that the Bank of Canada will take decisions one meeting at a time.

The Bank is scheduled to make its final interest rate decision of the year on December 6, with market watchers expecting cuts to continue in the coming months.