As we start to move into the later half of May, and get closer to the next Bank of Canada (BOC) interest rate announcement on June 5, 2024, there is a lot more chatter going on as to when the BOC will make their first rate cut to the overnight interest rate.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty provides his opinion on when he believes the BOC will start to cut rates and more importantly what effect rate cuts will have on the real estate market and consumer sentiment.

#SurreyRealtor #SurreyRealEstate #interestrates

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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 Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

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