"Bank of Canada Announces Interest Rate Decision"

Thursday Jan 10th, 2019

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So, in my professional opinion and experience, it REALLY is a great period for purchasing real estate!  Announced January 9, 2019 from the Bank of Canada (by the Canadian Press):  "The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months.  Before long, however, the central bank expects the economy to expand with renewed vigour. More rate hikes, it stressed, will be necessary “over time”.

Even the "Hotest" areas in downtown Toronto and semi-retirement communities in Central Ontario ski and lake counties have stabilized greatly in price and time on the market.   So, if anyone is like me, invest when many fear to tread!   #barbaradeangelisrealestate  #realestate


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