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Market Update April: Bank of Canada Rate Hold & the Spring Market Situation
Manage episode 477490572 series 2794891
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The Bank of Canada has kept its benchmark interest rate steady at 2.75%, putting a pause on a streak of seven straight cuts. In its Wednesday announcement, the Bank acknowledged a significant slowdown in the Canadian economy but opted to hold the rate as it awaits more clarity on U.S. trade policy and the broader effects of tariffs.
James and Denny share their on-the-ground insights as Vancouver realtors, highlighting what they’re seeing in this spring market.
This episode will focus on the Bank of Canada's recent rate hold, more rate cuts this year, fixed rates going up, variable vs fixed in the current market, upcoming elections, rental rates going down, construction is very expensive and predictions for the future.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
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Garbutt + Dumas Real Estate Instagram: /gdrealestateteam Facebook: /gdrealestateteam Website: garbuttdumas.ca
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