The Rates Stayed The Same

What does it mean when the rates stay the same? This is the first time in a year that the rate has stayed the same and has not increased after a Bank of Canada meeting.

It means that they feel our market can't take another increase and that we are also correcting and it doesn't need another boost.

It means a collective sigh from buyers, sellers, and Realtors

It means our Winnipeg market which was already heating up, will likely heat up more as buyers get excited over this lack of change in interest rates.

It means house prices will rise (although they have been for the last 4 weeks already)

It means we could be at the bottom of the cycle and could see rates go down in the future. Maybe months, maybe a year or two, but it could be at the bottom and ready to come back up.

It means a lot, and you need to pay attention to if you are a seller or a buyer... or better yet. head on over to the link in the bio and book a time to talk about it with our team.