Bank of Canada Interest Rated February 2023
February 6th, 2023
Bank of Canada – Key Interest rate Projections
The Bank of Canada (BoC) key interest rate is now at 4.5%, the highest it has been in fifteen years. Further increases are on hold for now. According to a BoC quarterly survey of “market participants” none said that rates would go higher this year. Some thought rates could fall by 0.75% by December 2023. Most participants think rates will be ...
Calgary Real Estate to January 31, 2023
February 2nd, 2023
These four Statistics tell the Story
Sales: in January are 1199 properties sold, that is 40% lower than this time last year. What it shows it that there is a lack of product for buyers.
New Listings: 1852 properties available to buy. That is 25% lower than this time last year. What it shows is that people who have houses do not want to sell them.
Inventory: 2451 properties: that is down b ...