Navigating the Future of Canadian Real Estate : What to Expect
Predicting real estate trends is a tough game, as the unexpected impact of COVID-19 has shown us. Yet, data from the Canadian Real Estate Association (CREA) suggets the market is rebounding after a tumultuous year. Follow the link for an in depth article from CREA economist Ryan Biln and Christopher Alexander, President of RE/MAX Canada. Canadian real estate market trends and forecasts for the next five years. If you have quesitons about buying or selling in Nelson and area, connect with us for your local expert advice.
The Bank of Canada has raised its overnight lending rate
The Bank of Canada recently announced that it will be raising its overnight lending rate to 5%, a move that has left many Canadians uncertain about the future of the housing market. As we navigate this impact, it’s important to understand what this means for homeowners, homebuyers, and the real estate market as a whole. Link thorough to this article from Realtor.ca for a more in depth look. https://www.realtor.ca/blog/bank-of-canada-raises-rate-to-5-how-will-this-affect-homeowners-and-buyers/32400/1362 If you have questions about our local maret please reach out, we are here to help
Home Sales Up
This article from the Realtor.ca highlights the positive momentum in the Canadian real estate market. With 70 % of Canadian real estate markets experiencing an uptick in sales, this data indicates a widespread surge in buyer activity and market demand. Realtor.ca - Home Sales Up If you are ready to embark on your real esate journey in the Nelson area, connect with us! Whether you have questions, wants to explore available listings, or need guidance on selling your property, we are here to help. Connect With Us
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