BUYING A HOME
Bank of Canada Rate Drop: What It Means for Home Buyers on PEI
After over four years of high interest rates, the Bank of Canada has reduced its overnight rate to 4.75%, a quarter-point reduction. This significant move signals that inflation is somewhat under control, with the Consumer Price Index (CPI) steadily decreasing since August 2023. From a high of 8.1% in June
Robert
June 6, 2024
1:57 pm
June 6, 2024
