Elephant in the Room: Mortgage Renewals for 2024 & 2025
Posted on Nov 09, 2023 in Market Updates
— If you really want to know what’s happening in Pemberton’s real estate market – and more importantly – where it’s headed – it’s important to go beyond the headlines and the pretty infographics you see on social media. Below, you’ll find our in-depth analysis – including a really, really important risk that every homeowner needs to understand.
What...
Inflation Rate went down !
Posted on Jun 28, 2023 in Market Updates
May 2023 Inflation Drop: The latest economic reports indicate that the inflation rate for May 2023 experienced a significant drop compared to previous months. This unexpected decrease in inflation suggests a temporary easing of price pressures across various sectors of the economy. The decline in inflation can be attributed to a variety of factors...
Interest rate Hike June 2023
Posted on Jun 21, 2023 in Market Updates
The Bank of Canada's Decision: Navigating Global Economic ChallengesIn a bid to restore price stability and address stubbornly high underlying inflation, the Bank of Canada has taken decisive action by increasing its target for the overnight rate to 4¾%. This move, coupled with the Bank Rate at 5% and the deposit rate at 4¾%, reflects a commitment...
