Entering 2023, the Bank of Canada overnight rate kicked off at 4.25 percent and is set to wrap up the year at five percent, signaling a 0.75 percent uptick after a four percent surge in 2022. Looking ahead, many forecasters a projection which leans towards a favorable shift—a two percent dip in rates by the close of 2024, bringing the overnight rate back to a more attractive three percent. Brace yourself for the unfolding real estate narrative in 2024 as we navigate the impacts of this potential decline.
If you reach out to me I’ll put you in contact with a Rockstar Mortgage Broker - Tim Giandomineco to put you in a position to purchase a home here in the Shuswap. Make sure and tell Tim I said to call!
Love where you live!
Jez Nichols
CIR Realty Shuswap
Reach out now - call or text: 250-515-5391
Send me an email: jeznichols@gmail.com
