The Bank of Canada is anticipating today to reduced the overnight lending rate by 50 basis points to 3.25%, providing potential savings for homebuyers and investors alike!
🔑 Key Insights:
• The overnight rate is now heading towards a 50 basis point cut to 3.25%, down from 3.75%.
• Potential monthly savings of $892 on a $3M mortgage.
• Unemployment is at an all-time high, officially reported at 6.8%, with some figures exceeding 7%.
• Over 90% of recent job creation is in the public sector, highlighting limited private-sector growth.
Navigating this market requires strategic insight and a trusted partner. Whether you’re buying, selling, or investing, I provide the expertise and tools to help you achieve your goals.
Let’s turn these market conditions into opportunities!
📞 Contact Peter Sammarco | Dexter Realty
📧 sammarco@dexterrealty.com
📱 778-384-3555 #unemployment #canada #usa #interestrates #borrowing #realestate #dexterrealty #petersammarco #realtor® #system #solutions #opportunities #threats #problemsolving #economy #economicindicators.
