Bank of Canada made the announcement today to maintain the interest rate at the same historically low level at 1% and it might hold it theretill well into 2014 due to weaker economic growth.
What does that mean for Real Estate Market?
in layman terms ... It means cheaper borrowing cost will continue to fuel the real estate market, prices are expected to continue upward trajectory.
if you have any question about the real estate do not hesitate to pick up that phone and give me a call or drop me a line.