Photo Credit: Bank of Canada Website: www.bankofcanada.ca
As of Sept. 4, 2024 is the latest in the series of 3 twenty-five basis point reduction of the prime interest rate announced by the Bank of Canada. Many of the Canadian Financial Banks and other financial lenders will take a cue from this policy statement to adjust their offering of mortgage / line of credit financing rates to consumers.
Connect with me for a great list of financial lenders (familiar with Whistler / Sea to Sky properties) to obtain advice in advance or during a realty transaction as a seller or buyer!
Review – Bank of Canada – Policy Interest Rate data: CLICK HERE
Kathy White, Realtor® Advisor / Personal Real Estate Corporation
Connect with me via: WhistlerHomes.com or call with questions to Cell: +1 604.616.6933
From my 20+ years of BC real estate career experience = feel that the affects since 2022 of the Bank of Canada interest rate policy decision was of key importance to bring stability and focus on balance of the Canadian economy and real estate markets following Covid-19.
Since 2022 until recently the Whistler real estate market has remained slow & stable. At times, there is an opportunity to get a mortgage rate interest rate held for a period of time to help a buyer and seller to enter into a transaction – especially before winter 2024-25. Also, review respected BCREA – Economic Dept. Q3 2024 Forecast: CLICK HERE
These recent interest rate policy adjustments are expected to go down further into early 2025. Let’s work together to keep Canadian economy strong, plus calm global tensions. The next Bank of Canada – policy interest rate announcement is: Wed. October 23, 2024.
Extra note … this video was taken at one of the most beautiful golf courses in Whistler!
Nicklaus North Golf Course / Table 19 – with an awesome lakeview patio: CLICK HERE
Harbour Air Flight Service to Vancouver & elsewhere in BC at Green Lake: CLICK HERE
Nicklaus North – Golf Course – Residential listings via WhistlerHomes.com: CLICK HERE