Langley, White Rock and Surrey Real Estate - Bank of Canada Has Cut Rates to Virtually Zero to Stimulate Economy

Langley, White Rock and Surrey Real Estate - Bank of Canada drops their rates.

A historical low, the Bank of Canada drops their rate down to 2.5%. They want this drop to stimulate the economy because the fear out there is talking recession. My take on this is that with price houses dropping and interest rates dropping. You are not going to find better circumstances to capitalize on great deals where sellers have to sell. If you think that the market will crash because of all the Doom and Gloom in the papers, then this isn't the right time for you buy. Wait until the papers start talking about how well the housing industry is doing. You will find that you missed your boat for many great opportunites.

Warmest Regards,

Andrew Szalontai - It's all about service
Langley Realtor - 778.862.5542
andrew@YourPerfectHome.ca
Remax Treeland Realty