๐๐ป How Last Week’s Rate Cut Affects You!
๐ Book a call/meeting at a time convenient to you - https://calendly.com/andyschildhorn
Exciting updates from the real estate market!
๐ The Bank of Canada recently lowered its overnight lending rate from 5% to 4.75%. What does this mean for you? Here's a quick breakdown:
๐ธ Variable-rate mortgage payments drop slightly: save around $15 monthly for every $100,000 owed.
๐ Increased consumer confidence may boost market activity, especially for detached homes.
๐ Watch for the next Bank of Canada announcement on July 24th for more insights.
Got questions? Need advice? Don't hesitate to reach out. We're here to make your real estate journey as smooth as possible. Happy house hunting!
๐ Need Help? If you have questions or need help purchasing your home, book a time and let's chat through the link below.
๐ 778.835.8957 -
Your Langley and Fraser Valley Realtor.
Thanks for watching, and see you next week!
