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interest rate rising


Blog by Jacquie P. Wilson | July 6th, 2018


Well the bank of Canada has announced they are going to raise they're interest rate again.  This is not great news in a sluggish housing market.  The stress test that has been put on lending institutions is another contender.  People are able to borrow way less money then they were before January 2018.  This is my twelfth year in Real Estate and I have seen this before.  The government undermines consumer confidence and there is a stall in the market.  North Vancouver remains a seller's market in a number of areas.