July 2024

Too many homes, not enough buyers

Posted on Jul 02, 2024 in Sunshine Coast, BC Real Estate Podcast

In the May episode, I confidently predicted that interest rates wouldn’t drop until at least the fall. However, just a few days into June, rates unexpectedly went down.

This move by the Bank of Canada took me by surprise. The prevailing theory is that the rate drop is intended to ease the burden on the large number of Canadians renewing their mortga...

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