Bank of Canada Drops Lending Rate

In a surprise move, the Bank of Canada announced on January 21st, 2015 that it was lowering its trend-setting overnight lending rate from 1 per cent to 0.75 per cent. This marks the first change to the Bank’s key interest rate in more than four years. With this trend there is no better time for homeowners to sell their property if they are thinking of upgrading or downsizing their home. First time home buyers looking for investment in real estate instead of renting, now is the time. I would be happy to find you that perfect starter or retirement home or call me for a free market analysis on your home if you are thinking of selling.