Join Peggy Hill in our latest CTV segment as she discusses the recent Bank of Canada rate cut and its implications for the housing market. While the cut was expected, Peggy points out that the accompanying statements are just as important, showing a more careful watch on the economy for any future cuts.
She breaks down how this interest rate change impacts inventory levels, mentioning that even though sales have slowed down and the market seems quieter, there’s no need to worry when the average price numbers for August come out. Peggy explains that any dip in prices doesn’t mean home values are falling; it just shows that more affordable homes are being sold, which is a good sign for first-time homebuyers coming back. Tune in to hear Peggy’s thoughts on how every rate cut brings more first-time buyers into the market.
NEXT STEPS
Take the next step towards securing your dream home. Whether you’re a current homeowner looking to make strategic moves in this evolving market or a potential homeowner eager to navigate the path to ownership, our team is here to support you every step of the way. Ready to explore your options and make informed decisions? Reach out to us via our contact page to schedule a personalized consultation with one of our experienced advisors.
Wondering about the current value of your home amidst spring housing trends? Take advantage of our free home evaluation service to gain clarity on your property’s worth in today’s market.
And for those eager to embark on the exciting journey of homeownership, our listings page awaits with a wealth of opportunities tailored to your preferences and needs. Don’t delay – let’s turn your homeownership dreams into reality together.
Stay connected! Follow us on social media for the latest updates, trends, and most recent listings in Barrie’s real estate market. Don’t miss Peggy Hill’s expert insights on CTV Barrie! Watch past broadcast on the CTV website.