Steve Reacts to BOC Rate Announcement - Jan 26, 2022

The Bank of Canada made a decision today (Jan 26, 2022) to hold its overnight lending rate at 0.25% after many thought today would result in the first increase since rates were slashed almost 2 years ago.

This begs the question, what does this mean for the housing market in Canada?

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty, shares his opinion on the rate hold announcement and what this means for the housing market and record high home prices.

If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales in Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.

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