Interest Rate Drop 50 basis points

by Dustin Miller

Today we saw 50-basis-point interest rate cut, reducing the key policy rate to 3.75%. Buyers waiting for further rate cuts may be entering a hotter housing market. Once rates decrease to a point that the majority of buyers are comfortable with, the housing market will heat up quickly and prices will rise at the same time.Written by Dustin Miller REALTOR® Victoria, BC.

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Dustin Miller

Dustin Miller

Broker | License ID: 166888

+1(778) 678-9815

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