Bank of Canada holds rates steady Why now might be the right time to buy
Posted on Mar 13, 2024 in Real Estate
The Bank of Canada (BOC) recently announced it will continue to hold its overnight rate steady at 5%, signalling that despite cooling inflation, it’s still too soon to ease monetary policy.
This news is disappointing for those waiting for rates to drop before entering the market to buy a home. Understandably so, as the cost of borrowing money, comb...
