We spoke to experts from across the industry, including the Chief Economist at BMO, the Chief Market Analyst at TRREB , and the owner of a leading mortgage brokerage to get their forecasts for the July 24 announcement.A month out from the next interest rate announcement experts are already discussing the potential for another cut — along with your neighbour, your mailman, and your friend of a friend who works in real estate., and then it did.
If there is a cut in July, Mercer doesn’t see the housing market springing to life just yet. “Our consumer polling suggests that there’s a lot of households that are looking to see 100 or 200 basis points worth of cuts before they’re back in a more affordable housing situation.”“I think Tiff Macklem surprised people a little bit,” says Butler on the BoC Chair’s June 5 rate cut. “But he can’t get too far ahead of the U.S Federal Reserve.
His forecast? The BoC will take July off, giving the Fed a chance to catch up, and then cut in September. “That way we can probably cut again in October and November.”Molnar Group Selling Near-Complete Kaslo Office Project In Vancouver
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